Financial Times: Cyber Attack Risk Requires $1 Billion Insurance Coverage, Per Company

Companies will need as much as $1B in cyber insurance coverage as the costs of hacking attacks mount, but some businesses are struggling to secure even a tenth of that. US retailer Target said in November that the price tag for the data breach that affected up to 110 million of its customers had reached $248M…

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http://www.ft.com/cms/s/0/61880f7a-b3a7-11e4-a6c1-00144feab7de.html#axzz3SINJLPhL