A growing number of insurance companies are offering cyber protection in the event of breaches and other malicious data attacks. The median annualized cost of detection of and recovery from cyber crime per company is $5.9 million — a 56% increase from 2010 median figures. A 2011 survey found 73% of the 164 risk managers surveyed at companies that have not purchased network liability policies. Some 37% of those who didn’t have polices said they believed their internal IT departments and controls were adequate, while 15% said the cost of a policy was too high or that they weren’t overly concerned.”]
Source: https://www.csoonline.com/article/2130641/cyber-insurance-offers-it-peace-of-mind—-or-maybe-not.html