The Canadian Press reports that several high-profile data breaches, most notably the Ashley Madison hack, are prompting companies to turn to cyberinsurance. Deloitte Director of Technology Research Duncan Stewart said, “The number of attacks are rising, the severity is rising, and when they come, they’re more difficult to deal with.” Stewart also said such insurance is now part of the cost of doing business, the report states. He also asked, “You wouldn’t own a factory and not have fire insurance, so why would you think about not having cyberinsurance?”
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