It's just about the fastest-growing new type of business insurance and the blunt question is: Do you need cyber insurance or is this coverage you can safely pass?

Are the cyber threats out there so numerous and so devastating that special insurance protections now are needed?

Understand this: although the coverage type is relatively new, already "around 20% of credit unions have it," said Jay Isaacson, director, Credit Union Protection Product Management, at CUNA Mutual.

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