Cybersecurity insurance: A new answer to online crime

Because the Internet of Things is an unnatural disaster.

Cybersecurity insurance has been gaining prominence over the past couple years across a variety of sectors. Now it’s poised to be the next big thing for consumers.

For a barometer, look no further than American International Group Inc.’s newest consumer product called Family CyberEdge. According to AIG executives who spoke to press, it “offers coverage for expenses that arise from online bullying, extortion and other digital misdeeds.” They said Family CyberEdge would include “public relations and legal services, as well as at-home assessments of family electronic devices.”

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