The BBC is reporting that insurance claims for data breaches are being made at a rate of more than one a day. The figures come from CFC Underwriting which says it dealt with over 400 claims cyber-breach policies in the year of 2016. The main focus of the attacks was to steal data or cash according to the firm. “Cyber-insurance was becoming necessary to help firms cope with the volume of attacks they faced everyday” said Graeme Newman, chief innovation officer at CFC Underwriting. For more on the story, click here.

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