Rise of cyber threats exposes business insurance gaps

As the risk of cyberattack continues to grow, along with the cost of the liability, more and more general business insurance policies are excluding coverage of events triggered by hacking. The answer has been to buy a separate policy for cyber, but people are finding out the hard way that such policies typically don't cover many events.Take Ransomware. This is where a criminal hacks into a business system and locks everyone out, demanding the business pay a ransom to gain access. “A lot of times…