Are Cyber Insurance companies for real?

I mean is it really possible to provide Insurance in the Cyber World, where sometimes its too late to stop an attack that may spread in the IT infrastructure.

I understand there is a market for big companies data protection but how about the nature of the attack and how fast can Insurance companies provide assist for the companies

There are a lot of questions to be asked here but let just say they are for real then what ?, can they reverse the attack or maybe resume companies to normal operations with no data loss or breach? I don’t think so.

 

Source: http://www.jpost.com/Business-and-Innovation/Tech/Israeli-firm-to-offer-unprecedented-cyber-insurance-485796

 

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