Just about any organization that uses technology to do business faces a cyber risk. In fact, three of our clients have recently been hit by Ransomware, a type of virus that encrypted the firms’ data, and a ransom to be paid in Bitcoins was demanded by the hackers. This type of coverage is designed to mitigate losses from a variety of cyber incidents, such as data breaches, infringement of copyright, and network damage. As technology becomes more complex and sophisticated, so do the threats we face, which is why more and more businesses are becoming prepared with cyber liability insurance. It’s not a matter of if you will get hacked, but when.