Equifax breach likely to exhaust $150mn cyber tower

US credit bureau Equifax may burn through its entire cyber
insurance limit following a September data breach that affected 148
million customers.
Three separate sources told The Insurance
Insider the limit on the Beazley-led tower was
$150mn.
It has been further suggested that Beazley would take on the
first $15mn of losses over a $5mn retention.
Based on the standard rule-of-thumb calculation whereby it costs
$1 to notify each individual of a data breach, Equifax would
require almost all of...