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First published by HelpNetSecurity — Matthew Rosenquist Cybersecurity insurance is a rapidly growing market, swelling from approximately $13B in 2022 to an estimated $84B in 2030 (26% CAGR), but insurers are struggling with quantifying the potential risks of offering this type of insurance.
Cyberinsurance: whisper it, but it seems to be working Cyberinsurance premiums have dropped by 15 per cent compared to their peak in 2022. Even though more companies are buying cyberinsurance, Howden found prices are falling through a combination of more providers in the market, and companies improving their security.
The impact will be felt well beyond the involved countries of Canada, USA, Mexico, and China," said Kenrick Bagnall , Founder, KONCYBER & RB-Cyber Assurance; Royal Candian Mounted Police (RCMP) Contractor/Instructor; Toronto Police Service (Cybercrime Unit) (Ret.). " These tariffs will create real cyberrisks.
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