Cyber insurance: more firms seek protection from hackers

'Significant growth' in cyber insurance sales amid rising security breaches such as attack on Target

A masked hacker, part of the Anonymous group, hacks the French presidential Elysee Palace website on January 20, 2012 near the eastern city of Lyon. Anonymous, which briefly knocked the FBI a
(Image credit: 2012 AFP)

AN INCREASING number of companies are buying cyber insurance to protect themselves from hackers, according to AIG, one of the largest insurers in the United States.

AIG reported "significant growth" with sales of anti-hacking policies jumping 30 per cent last year compared with 2012.

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up
Explore More