Insurers handling ‘hundreds’ of breach claims

Insurance claims for data breaches are being made at a rate of more than one a day, figures from CFC Underwriting suggest.

The firm said that in 2016 it had handled more than 400 claims on cyber-breach policies it had issued.

The main types of attack being claimed for were privacy breaches and the theft of cash, it said.

The massive amount of stolen data shared online was driving many attacks, said the firm.