Cyber attacks are a serious global problem. The number of successful attacks has risen drastically to an average of 138 per week.* The constant national media coverage of high profile data breaches has brought cyber insurance into the spotlight. Companies hacked have the arduous task of rebuilding consumer loyalty, trust and revenue.
In this issue of FOCUS, we tackle the question of how companies can protect themselves against this new age of brand terrorism to stave off a cyber attack or lessen its impact. We also explore how the government is attacking cyber and why the underwriting cycle might be different this time based upon market performance and trends.
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* Survey by the Ponemon Institute