Insurance Industry Buzzes Over Data Breach Ruling

If the rash of data breaches in recent months has done anything for businesses, it's raised their awareness of cyber liability insurance. The market for cyber liability insurance is expected to increase dramatically as businesses become more aware that their current policies don't adequately cover cyber-risks, according to the National Association of Insurance Commissioners. However, a three-judge federal appeals panel last week threw into question just how inadequately existing insurance products cover cyber-risks.

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