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By 2027, 75% of employees are expected to acquire or modify technology outside of ITs control, up from 41% in 2022. Insurance Becomes a Necessity The rise of high-profile cyberattacks has led to increased demand for cyberinsurance. This will be a key area to watch with generative AI expanding its attack surface.
Despite these setbacks, the company has stated that, with its cyberinsurance coverage and ongoing remediation efforts, it doesn't expect a long-term material impact on its business fundamentals. of revenue in the food and beverage industry by 2027.
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Insight #1: CISOs, you need insurance coverage According to German multinational insurance company Munich Re, the global cyberinsurance market is expected to rise from $14 billion to $29 billion by 2027.
By 2027, 75% of employees are expected to acquire or modify technology outside of ITs control, up from 41% in 2022. Insurance Becomes a Necessity The rise of high-profile cyberattacks has led to increased demand for cyberinsurance. This will be a key area to watch with generative AI expanding its attack surface.
The European Cyber Resilience Act (CRA) which is concerned withcybersecurity obligations for a range of digital products sold in Europe will make its way onto the EU’s statute books following formal approval. Implementation will be phased with the vulnerability reporting obligations in late 2025 and the remaining obligations in early 2027.
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