Yber Threats and the effects of Insurance vs other risk controls

Here is the topic paragraph I came up with.
Please include descriptions of the major threats, how companies can control them and the effectiveness of insurance. These should all be illustrated with real life examples and how the financial sheet will be affected.

Awareness of cyber threats needs to be increased to bring this new found interest in the insurance products that cover incidents in which sensitive, protected or confidential data has potentially been viewed, stolen, tampered with or used by an individual unauthorized to do so, this is also referred to as data breaches, to a new level of concern. These cyber threats also include all computing risks known as hacking, malicious code, viruses, spyware and Trojan horses. The most recent addition to this list is the act of a?phishinga?. These are only the most common threats. Businesses are completely reliant on their computers, data and cyber connectivity. Through this paper I hope to define each component and break down the way each one can take a major bite out of the bottom line of the financial sheet. Provide real examples and apply the insurance coverage that will reduce the stress of a daily cyber-attack.