Interest in cyber insurance is expanding rapidly, a top official of Marsh & McLennan testified before a Senate committee today, with the number of Marsh clients purchasing stand-alone cyber insurance increasing by more than 20 percent in just the past year.
The Marsh official also testified that, in the area of cyber security, “offense is a lot easier than defense,” that is, companies should be aggressive in taking steps to head off cyber breaches.
Originally published on PropertyCasualty360. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.