While cyber attacks are deeply concerning, there's a silver lining for the insurance industry in 2018: opportunity. Here are several ways cyber risks will affect insurers in the coming year.
1. Businesses will start to get more serious about cyber insurance; premiums will inflate.
Cyber-insurance will continue to grow at a fairly steady pace as companies begin to adopt not an "if" but "when" mind set for attacks. A successful attack can cause major damage – not only to a company's bottom line, but to its reputation and consumer trust.
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