Cyber Security Spending Up, But Many Uninsured – CFO

However, there is one area where companies may be coming up short in protecting themselves. Only 15% of financial professionals reported that their organization increased the amount of cyber insurance they carried over the past year and, perhaps most surprisingly, 31% said their company does not currently carry cyber insurance.

At an estimated $1 billion to $2 billion, 2013 sales of cyber insurance were a fraction of the $1.1 trillion in total U.S. insurance premiums last year. But the insurance industry has been predicting exponential growth in the foreseeable future.

via Cyber Security Spending Up, But Many Uninsured – CFO