A recent Reuters article has outlined how a string of high profile cyber attacks over the past two years has caused insurers to drastically increase cyber premiums for certain industries.

Additionally, insurers are increasing deductibles and placing limits on policies around $100 million, leaving larger companies with a high level of exposure. According to Tom Reagan, a cyber insurance executive with Marsh & McLennan, “some companies are struggling to find the money to buy the coverage they want.” The two hardest hit sectors are retail and healthcare, prompted by the large breaches at Target, Home Depot, Anthem and Premera.

According to figures from Marsh, average retailer rates increased 32% in the first half of the year and renewals are getting extremely expensive if a company has suffered a breach.

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