Data Breach Risk Looms Larger Than Unexpected Catastrophic Events

Following the massive data breach at Ashley Madison and several other high profile data breaches, businesses in Canada are starting to realize that there is greater potential value to cyber insurance than they may have previously realized. Back in July, Ashley Madison found itself making news headlines around the world when hackers were able to smash their way into the company’s network and share the personal information of its customers, including their financial data, identifying information and even the messages they had shared with other members.