Interest in cyber insurance and riskcontinues to grow as a result of high-profile data breaches.

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The Identity Theft Resource Center says there havebeen 1,140 breaches in 2017, so far (as of November 1), surpassing the 2016 record of1,093 breaches. There have been 171.6 million records exposed sofar in 2017. The business sector accounted for 52% of the 2017breaches and 91% of records exposed.

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These figures do not include the manyattacks that go unreported. In addition, many attacks goundetected.

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Related: 4 pitfalls to avoid in a cyber insurancepolicy

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Breaches hit a new record in 2016,soaring to 1,093, up from 780 on 2015, but the number of recordsexposed fell to about 37 million from 169 million in 2015,according to the Insurance Information Institute.

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The majority of the data breaches in2016 affected the business sector, with 494 breaches or 45.2% ofthe total number of breaches. Medical/healthcare 9% of allbreaches) and government/military breaches totaled 72 (6.6%),according to the Identity Theft Resource Center.

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More than 60 cyberinsurancecarriers

More than 60 carriers offer stand-alone policies in a marketencompassing $2.75 billion in gross written premiums in 2015. Bymid-2016 gross premiums written was estimated at $3.25 billion.

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Above are the top 10 writers of cybersecurity insurance bydirect premiums written in 2016, according to National Association ofInsurance Commissioners (NAIC) data, sourced from S&PGlobal Market Intelligence and reported by I.I.I.

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Related:

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Evolving cyberinsurance coverage for phishingattacks

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4 tips to sell more cyber liability policies tosmall businesses

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What to expect: the cyber liability insuranceapplication process

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Jayleen R. Heft

Jayleen Heft is the digital content editor for PropertyCasualty360.com. Contact her at [email protected].