Airmic 2011: Insurance market for cyber risks needs to come of age

In 2010 it is estimated that hostile cyber attacks on companies accounted for nearly one third of all UK data breaches – up from around 22% the year before – and these incidents are becoming increasingly expensive.

It is not simply the cost of detecting and fixing the security gaps, but also the expense incurred in informing potentially millions of customers whose data was compromised, and monitoring their