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As cyber-attacks on high-profile businesses are occurring more often every day, both large and small businesses are investing in cyber insurance. This investment would mitigate risk if data is hacked but companies should be proactive in order to avoid needing to be reactive.

Marsh recently released a report claiming “the number of US-based Marsh clients purchasing standalone cyber insurance increased 32% in the first half of 2015 compared to the first half of 2014.” With cyber-attacks becoming one of our nation’s top priorities, one can certainly expect to see an even greater increase in cyber insurance take-up rates in the future.

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