On Episode 886 of the Planet Money podcast, titled "The Price Of A Hack," NPR discusses how cyber insurance can help companies mitigate the effects of a data breach.
Marriott. Target. The Democratic National Committee. There are so many hacks so often, they may feel unstoppable. And companies are trying everything. We watch as one company grapples with being hacked, and find out that a dusty old financial tool, hundreds of years old, could solve this very modern problem.
Spoiler alert - that dusty old financial tool is insurance!