75% of Respondents Know They Need Cyber Insurance, But Far Fewer Say They Have It: Travelers Risk Index

Potential good news for cyber insurers: Awareness of need is high and perhaps sales will catch up to it…

“Nearly 75% of respondents said they believe having a cyber insurance policy is critical, but the percentage who said their company has purchased coverage was 59%, up only 3 points from 2021.”

Source: Travelers Risk Index shows cyber threats remain top overall business concern | Security Info Watch

Mark Sauter

Mark Sauter’s insights on the financial, policy and security elements of cyber insurance are based on years of experience in the investment banking, media and business worlds. Co-author of the McGraw Hill university textbook “Homeland Security: a Complete Guide,” Sauter was also a consultant to one of the world’s largest software companies and served as a US Army Special Forces and infantry officer.