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Wednesday, 21 June, 2023

Rising Cyber Attacks Drive Up Cyber Insurance Cover Costs by Up to 60%

Rising Cyber Attacks Drive Up Cyber Insurance Cover Costs by Up to 60%

The escalating frequency and severity of cyber attacks have led to a significant increase in the cost of cyber insurance coverage, with premiums surging by up to 60%. As organizations face a growing threat landscape, the demand for comprehensive cyber insurance policies has soared. The surge in cyber insurance costs reflects the heightened risks and potential financial losses associated with cyber attacks, emphasizing the need for robust cybersecurity measures and risk management strategies.

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