Demand for cyber, data privacy insurance surges

In a recent study of 100 U.S. middle market companies and large corporations, 85 percent say they have purchased cyber security and data privacy insurance coverage to protect against financial loss, while nearly half (44 percent) have already filed an insurance claim as a result of a breach. However, while more companies are purchasing cyber security and data privacy insurance, some gaps still remain in incident response plans, making those companies vulnerable to the financial consequences of