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Cyber insurance is growing in popularity as a means to mitigate the costs and risks associated with a data breach. Given the growing prevalence of data breaches in all industries, companies are seeking help. Industries with large volumes of high-value data—bank accounts and medical records to name a few—are particularly vulnerable to data breaches. Thieves value big data for its profit potential—often reselling it to other thieves or using it for multi-million-dollar healthcare fraud schemes.


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