Cyber insurance purchasing rates increased over past five years, Marsh finds in report

Purchases of cyber insurance by businesses doubled over the past five years thanks to growth in cyber risk awareness, a report published on Thursday by insurance group and risk adviser Marsh found.

The report found that the number of Marsh clients in the U.S. that have bought cyber insurance has grown from 19 percent in 2014 to 38 percent in 2019, with a 67 percent increase in purchasing cyber insurance by the hospitality and gaming industries, and a 34...