The interest in cyber insurance has increased in response to high-profile data breaches making headline news. Not only do high-profile breaches force individuals to take action (e.g., examining financial statements, looking into credit freezes, etc.), they also force the organization experiencing the breach to take a long, hard look at their business and information security practices.
Organizations can purchase cyber insurance to help cover some of the costs associated with a cyber incident. Yet, the market for cyber insurance is still evolving and maturing.