Cyber insurance inquiries surge at Japan's nonlife insurers amid rising data breaches
Cyber insurance inquiries surge at Japan's nonlife insurers amid rising data breaches. Major nonlife insurers like Tokio Marine and Sompo Japan are seeing a jump in consultations for cyber insurance, which compensates companies for losses caused by cyberattacks. This surge is driven by a string of high-profile cyberattacks and data leaks in Japan since early October, increasing interest even among small and midsize businesses.
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