AIG Expanding In Growing Cyber Attack Insurance Market

As cyber-attacks become increasingly common, derailing the largest corporations from JPMorgan Chase to Sony Pictures and the U.S. government, AIG wants to sell corporate insurance policies.

AIG offering cyber attack coverage for up to $100 million

AIG will offer up to $100 million in coverage for property damage and another $100 million for bodily injury caused by a cyber-attack.

“There’s going to be mass panic, people are going to think it’s a terrorist attack, people are going to think it’s another 9/11 event,” Austin Berglas, a former FBI cybercrime investigator and now AIG division employee was quoted as...