The Next Big Commercial Cyber Risk Is In The Cloud, Experts Say

 Tuesday, March 1, 2016

 Insurance Business America

Major headlines like the Target credit card breach have increasingly put cyber liability insurance on the radar for businesses of all shapes and sizes. However, as the American workplace shifts from a traditional office to a mobile, technologically connected workforce, choosing the correct coverage becomes a trickier process for producers working with commercial clients. Nearly 60% of server workload for US businesses is expected to be virtualized by the end of the year, according to IT company Awesome Cloud Services, meaning company data will largely be hosted by third-party sources.