Aon beefs up its cyber insurance portfolio with acquisition

Cyberattacks against Target, Home Depot, Sony and several other large companies have galvanized what was a formerly niche cyber insurance market. As a result of those high-profile breaches, corporatedemand for policies that hedge against hackers has soared.

Seizing on this opportunity, Aon last month acquired Stroz Friedberg, adding incident response and other capabilities to its portfolio of cybersecurity assessment and risk transfer services. Aon further plans to round its portfolio with risk analytics, sentiment analysis and vendor partnerships.

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