The Source for Cyber Insurance News, Insights and Data
The global cyber insurance market is expected to grow by $42.81 billion between 2022 and 2027, at a CAGR of 35.92%, according to a new report by Technavio. The market growth is being driven by a number of factors, including the rising incidence of cyberattacks, the increasing awareness of cyber insurance among businesses and individuals, … Read more
The global cyber insurance market is projected to grow from $9.35 billion in 2021 to $68.17 billion by 2030, at a CAGR of 24.1%, according to a new report by Verified Market Research. The growth is being driven by a number of factors, including: The report segments the global cyber insurance market by deployment model, … Read more
Hanover Specialty’s new report reveals that small- and mid-sized businesses generally lack preparedness for the increasing threat of a cyberattack, even though they have high confidence in their organization’s cybersecurity posture. The report, titled “2023 Cyber Resiliency Report,” found that only 7% of small- to mid-sized businesses think it’s very likely that a cyberattack will … Read more
The global economy relies heavily on shipping, with over 90% of global trade transported by sea. However, the maritime industry remains an “easy target” for cybercriminals. This cyber risk and the cost of attacks and demand for ransom payments across the sector have skyrocketed over the past 12 months, according to a new report by … Read more
A recent study conducted by QBE Insurance Group has uncovered alarming statistics concerning the susceptibility of businesses to cyber-attacks. The research points to employee errors and inadequate security measures as prime culprits. Among the findings? Nearly a third of employees, comprising 31%, have committed errors with the potential to compromise the cybersecurity of their workplace. … Read more