March 21, 2016
About 30% of U.S. institutional money managers had cybersecurity insurance coverage as of Jan. 1, sources said, most of which were firms with more than $10 billion in assets under management. That compares with only 5% at the start of 2014, they said.
Along with news coverage about cyberattacks across the business spectrum, interest has been piqued by a new round of manager reviews by the Securities and Exchange Commission under its Regulation Systems Compliance and Integrity rule.
Source: Pension & Investments.