Luke MacGregor | Bloomberg | Getty ImagesAmong the many consequences of the rising number of costly data breaches, ransomware, and other security attacks are pricier premiums for cyber security insurance.
The high demand for cyber coverage is in part fueled by greater awareness among companies of the threat cyber risk poses for businesses of all sizes, it said.
The study said the cost of cyber insurance is based in part on the frequency, severity, and cost of cyber attacks, "all of which have been increasing.
"But now, carriers are becoming less likely to include it, and are instead offering cyber coverage separately.
"Also, companies that go bare on cyber liability may see an impact on revenue, as customers and suppliers increasingly make cyber coverage a requirement of doing business."