Cyber-related ransomware and business interruption top concerns of risk managers

Zurich North America Insurance and Advisen Ltd. has released the tenth annual Advisen cyber survey of corporate risk managers and insurance buyers revealing current views about information security and cyber risk management. This year's survey features the highest percentage of cyber insurance buyers ever – nearly 80 percent carry some level of cyber insurance (55 percent of respondents with cyber coverage have a stand-alone policy). This take-up rate for cyber insurance has steadily climbed since 2011, the first year of the survey, when just 34 percent of respondents bought some type of cyber coverage.