There had been 312 data breaches just through mid-March in 2017, even before the WannaCry breach, and this even as cybersecurity investments are at a major high. Against this backdrop, cyber is moving from just an IT problem to a profound business risk. Businesses are quickly realizing that cyberattacks are the norm, rather than the exception, and cybersecurity technology defenses cannot guarantee protection against this ever-growing threat. When risk prevention and mitigation can only go so far, organizations begin to look for risk management and transfer. This is where insurance comes in.