Major Risk, Yet Businesses Slow to Boost Cyber Insurance Coverage

While a majority of U.S. finance executives now see high-profile cyber-breaches as a major risk, many still have inadequate cyber insurance coverage, a new survey found. That finding comes from the Association For Financial Professionals’ survey of executives in corporate treasury, finance and banking at its annual conference in Washington, D.C. Results are based on the 970 responses generated by the survey. The survey found • About 32 percent of respondents rated cyber risks as highest on a five-point scale.