A thousand dollars here, a thousand dollars there, and pretty soon you’re talking about real money – as in, $1.35 billion. In the wake of massive data breaches at Equifax, Target and the National Security Agency, that’s how much money jittery Americans are spending annually on cyber insurance, according to the National Association of Insurance Commissioners.  Fearing data breaches similar to those that have been grabbing headlines, small- and medium-sized businesses (SMBs), including co-ops and condos, are fueling the accelerating growth of this once-obscure sector of the insurance field. “Insurers foresee substantial growth coming from the SMB segment, as these companies become aware of the possibilities of liability, especially a breach and resulting response costs,” says Sean Kevelighan, CEO of the Insurance Information Institute.     Read the article……………..