2014 could be the tipping point for businesses to recognize the need to insure against cyber-related exposures.

According to a leading futurist, the real risk in the industry, may be the risk of doing nothingof failing to adapt to the rapid, and global, pace of change in a business that increasingly and continually must prove itself responsive to consumer needs, wants, expectations, and trends.

Although EDRs are certainly not new, insurers are finding ways to better utilize the data they collect.

A recent paper on insurance supervision by a Wharton School professor suggests that the industrys current state-based regulatory system is out of date. The industry should be mindful of the issue, but Congress' priorities are elsewhere for the moment.