Rising hacker threat will trigger boom in cyber crime insurance, Tryg says

Rising hacker threat will trigger boom in cyber crime insurance, Tryg says

COPENHAGEN (Reuters) – Insurer Tryg (TRYG.CO) expects 90 percent of its corporate customers to buy cyber crime insurance within five years as the threat from hackers and viruses to crucial data and IT systems grows.Tryg, Denmark’s biggest insurer, has sold 5,000 cyber crime insurance policies since the turn of the year when it launched a new product providing assistance in restoring data and getting systems up and running if a firm is hit by a cyber attack.“There are no corporate clients today that don’t have insurance on their buildings or cars, but I think that within a very few years it will be just as evident that you should insure against cyber crime,” chief executive Morten Hubbe told Reuters on Wednesday.

Källa: Rising hacker threat will trigger boom in cyber crime insurance, Tryg says

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