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Ireland: Cyber insurance sales on the rise as threats increase

January 27, 2014 - 6:00am

Cyber insurance sales in Ireland have increased by nearly a third during the last three months as the threat of cyber-attacks increases, the Irish Independent reports.

Research shows that more than 50% of Irish companies were targeted in 2013.

American International Group Inc. said its cyber insurance offering in Ireland initially attracted big companies, but is now also drawing small and mid-sized companies.

Some other insurers are considering venturing into this segment to tap the demand, the Irish Independent reported.

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