Sony Hack Will Bring Cyberinsurance To Forefront In 2015

Law360, New York ( January 2, 2015, 12:51 PM EST) -- 2014 ended with a massive cyberattack on Sony Corp. It also ended with reports that 2014 cyberinsurance sales were roughly double the $1 billion sales figure for 2013. [1] Undoubtedly, the increased sales in 2014 resulted in part from publicity about earlier attacks. One well-known security report had described 2013 as the year of the "mega breach. "[2] 2014 might be dubbed the year of the "tera breach. " But, whatever 2014 is called, it is likely that 2015 will also see an increased interest in purchasing cyberinsurance. . . .

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