The Telegraph reports on Lloyd’s of London, one of the largest insurance markets in the world, which has seen rapid growth in the demand for insurance against cyber-attacks. Geoff White, underwriting manager for cyber, technology and media at a Lloyd’s syndicate, said the market has seen a 50-percent increase in insurance submissions in the first three months of 2015 compared to the same period in 2014. “In general terms, we’re continuing to see new customers purchasing cyber insurance and existing customers purchasing higher limits following recent high-profile attacks,” White said, noting approximately 70 percent “are first-time purchasers.”
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