There has been no recent shortage of high-profile cyberattacks
and data breaches leaving businesses with millions of dollars in
losses. Verizon's 2015 Data Breach Investigations Report
counted 79,790 security incidents (including 2,122 confirmed data
breaches) in the last year alone. If you're a business that
stores information electronically—that is, if you're
any business at all—you're probably sufficiently
worried about cyber threats just by reading the news. But if you
haven't fully appreciated the seriousness of the problem yet,
the insurance industry is happy to help. As one insurer warns in
its marketing materials, "many companies don't realize
that whether they experience a data security breach isn't as
much a matter of if it will happen as when." Sufficiently
terrified of cyber threats? Don't worry—these same
insurers will let you know they offer coverage that will help
mitigate your risk. As one insurer puts it, "when a security
breach happens, you'll need
