It's understandable if the average insurance professional feels like he or she can't do much about cyber risk. The statistics make the issue seem insurmountable.

Almost 70% of U.S. CEOs worry that hacking will hurt their companies' growth, and the FBI notified 3,000 of cyber intrusions in 2013, according to PwC's 2014 U.S. State of Cybercrime Study. But those numbers pre-date two of the largest and most costly attacks in history at Anthem and Sony.

As insurance and risk management educators, we at The Institutes saw what may be the scariest statistic of all this past February—85% of brokers surveyed at an Insurance Times event in London said they were not confident talking to clients about Cyber insurance, and more than a quarter ranked themselves at the lowest degree of confidence. Given the well-documented tendency of people to be overconfident, this is a remarkable indication of a massive Cyber education gap.

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