It hardly takes a high-tech guru to deduct that 2017 was a year when cybersecurity concerns caused businesses of all sizes to quake over losses both real and anticipated.

"Cybersecurity is as big an issue as there's ever been in the insurance industry," says Adam Hamm, managing director of global consultancy for Protiviti, former president of the National Association of Insurance Commissioners (NAIC) and past chairman of that group's Cybersecurity Task Force. "At least over the last generation, I've never seen an issue that's bigger than cybersecurity, because we're talking about breach after breach after breach."

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Elana Ashanti Jefferson

Elana Ashanti Jefferson serves as ALM's PropertyCasualty360 Group Chief Editor. She is a veteran journalist and communications professional. Reach her by sending an e-mail to [email protected].