Cyber insurance limits fall well short of PMLs: study

Cyber insureds are currently purchasing cyber insurance limits that
vastly undershoot their probable maximum loss (PML) for business
interruption (BI), a study sponsored by Aon Risk Solutions has
found.
The research, conducted by the Ponemon Institute, found that
only 7 percent of cyber insureds have limits exceeding $21mn, which
falls far below the average PML of $227mn for BI.
More widely, the report found that insureds vastly
underestimated the potential for BI losses from a cyber-attack, and