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Cyber Insurance for Businesses Is Up 85 Percent Since 2011

While more companies are buying the coverage than ever, the market is slowing, according to a survey from Zurich and Advisen.

By Rosalie L. Donlon, PropertyCasualty360.com | Updated on November 01, 2016
The threat of a cyber breach moves more quickly than the blink of an eye.

It affects business of all sizes and across all industries—and hackers are becoming more creative, as seen in the recent online attacks on domain name system provider Dyn Inc. 

But what do businesses really think about cyber threats, and how are they responding? According to a recent survey by Zurich North America and Advisen, released Oct. 27 at the Advisen Cyber Risk Insights Conference in New York City, more businesses are aware of the risk and a need to do “something,” even if they don’t agree on what that “something” is.

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