Marsh, a global leader in insurance broking and risk management and a wholly owned subsidiary of Marsh & McLennan Companies (NYSE: MMC), announced the launch of a new cyber insurance policy that provides catastrophic protection for large companies seeking to better manage the growing threat of a cyber-related data disruption or unplanned technology outage.

Organizations spend millions of dollars each year to maintain their IT environment and implement sophisticated computer defenses. However, given increasingly creative and aggressive hacking techniques, it is not surprising to read about new data breaches on a daily basis.