This document summarizes cyber risks and insurance responses. It discusses evolving cyber threats facing European companies and how cyber risks are not just an IT issue. Key points include: most clients are extremely concerned about cyber attacks; the top causes of data breaches are hacking and stolen credentials; and cyber insurance claim volumes have risen significantly in recent years. The document also outlines how cyber insurance can help respond to incidents by providing services like breach coaching, legal defense, forensic investigations, and crisis management. Finally, it discusses challenges with relying solely on traditional insurance policies to address cyber risks and the need for specialized cyber insurance products and risk mitigation strategies.