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With data breaches happening every day in large and small companies the world over, it is no surprise to us here at FC&S Legal that companies increasingly are turning to the insurance coverage marketplace for protection against the losses resulting from data breaches. A new Marsh report, “Benchmarking Trends: Interest in Cyber Insurance Continues to Climb,” which is based on Marsh’s internal data, has quantified the trend.  Specifically, the report found that the number of Marsh clients purchasing cyber insurance increased 21 percent from 2012 to 2013, with financial institutions topping the list.

The report also covers:

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