CFC Underwriting said it handled more than 400 claims against cyber-breach policies it issued this year alone. The rise in data breaches and money transfer scams are driving the increase.
Claims on CFC policies almost doubled year on year, rising 78 per cent from 2015, Graeme Newman, chief innovation officer at the underwriter,
the BBC.
Article Link: http://www.theregister.co.uk/2016/12/19/cyber_insurance_claims_rise/