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Finding the right insurance has become a key part of the security equation, which is no surprise given that the average cost of a data breach in the US has risen to $9.44 The global cyberinsurancemarket was valued at $13.33 billion by 2030. million — more than twice the global average of $4.35
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.
So the company takes a copy of Cognito and their competitor, spends a few months working on a cool set of new security features, and then they take that to the market. In other words, I think much of the current security market is based on how poorly the industry does the basics. A Future Example.
has imposed new tariffs on Canada, Mexico, and China, setting off a geopolitical and economic ripple effect that extends beyond supply chains and global markets. Thinking a bit more widely, though, I can imagine there will be a concomitant rise in cyber espionage and attacks between groups of impacted groups in China and the U.S.
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