Interest in cyber coverage is atan all-time high, and those who previously thought it a luxury—ornot a necessity—are taking a much closer look at theirexposures.

A recent Marsh report shows that cyber insurancepurchases grew 32 percent in 2014 when compared with 2013, and wereup 21 percent in 2013 over 2012. “The yearly increase shows thatorganizations see cyber as a risk to be managed, not merely aproblem to be fixed by IT,” the report asserts.

Damian Caracciolo, vice president and practice leader atCBIZ Management& Professional Risk, said that cyber attacks affect allindustries, but the type of attack deployed depends on the industryto which the company being targeted belongs. In 2015, the healthcare, financial services, retail and education sectors were thosethat saw the greatest number of cyber incidents.