By Legal Futures Associate MillerCyber risk has become a major concern for businesses of all sizes, but persistent misconceptions continue to hold many organisations back from investing in cyber insurance. Traditional business insurance isn’t designed for modern cyber incidentsMany organisations assume their existing business insurance will protect them against cyber incidents, but most traditional policies were never designed for digital threats. Strong security isn’t a substitute for comprehensive coverageStrong cyber security is essential, and while it significantly reduces risk, it can never eliminate it entirely. Cyber insurance addresses business interruption and recovery costs when these systems are compromised, regardless of whether sensitive data is involved. Cyber insurance strengthens that preparedness.