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Money managers starting to buy cyberattack insurance

from Pensions & Investments

Money managers increasingly are buying cybersecurity insurance to supplement their technology security strategies to both combat data breaches and deal with repercussions if hackers do break in. About 30 percent of U.S. institutional money managers had cybersecurity insurance coverage as of Jan. 1, sources said, most of which were firms with more than $10 billion in assets under management. That compares with only 5 percent at the start of 2014, they said. more

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