The Need For Change In Cyber Insurance

It’s little wonder that cyber insurance is the fasting growing type of coverage. Not only are cyberattacks and breaches occurring with alarming regularity, the nature of cyber threats are also changing. Whereas a few years ago the main targets were corporate giants, banks and healthcare organizations, now small organizations and individuals are just as likely to be hit by a cyberattack that targets their data, affects their IT systems or steals funds. In response, surplus lines insurance companies are getting innovative in order to help agents protect their clients.