Cyber Attacks: Your Business Could Be Next

53% of U.S. businesses have experienced a cyber attack in the past year, according to a survey of business executives conducted by The Hartford Steam Boiler Inspection and Insurance Company, part of Munich Re.

As a result, businesses are looking for financial protection against cyber attacks. Almost two-thirds of companies purchased or increased their level of cyber insurance coverage over the past year, and 56% of them purchased cyber insurance for the first time.

This month’s edition of NU’s “Chalkboard” looks at some of the figures surrounding the cyber landscape.

This article originally appears in Property Casualty 360