Trend: Cyber Insurance $20 Billion in insurance premiums.

Insurer Allianz Global Corporate & Specialty offers caluclated predictions about cyber security and insurance policies:

• Cyber security costs the US $108 billion/year
• By 2025, cyber security insurance will be a $20 billion in annual premiums globally
  • In 2015, annual cyber insurance premiums are $2 Billion globally
• 70% of breaches occur in restaurants
• To recoup losses after a hack, companies should count on  $200 per record that gets compromised.
   

North Bay Business Journal: As data breaches grow, so does cyber liability insurance