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The rise of cybersecurity insurance

Stroz Friedberg is a specialized risk management firm built to help clients solve the complex challenges prevalent in today’s digital, connected, and regulated business world

The big picture: “The key is this isn’t just an IT thing, it’s not just a tech company thing. It’s everyone,” says Jason Hogg, Aon’s CEO of Cyber Solutions. As more internet-of-things devices come online, the attack surface will continue to grow, so the need for cybersecurity insurance will likely grow, too.

  • That goes for individuals as well. “If you look out 5, 10, 15 years, it’s hard to imagine any line of insurance not being impacted in some way, shape or form…by internet-connected risk,” Millaire said.
  • High net-worth individuals are already buying cybersecurity insurance from Aon, Hogg tells Axios.

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