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Think like an insurer If the decision has been made not to apply for a policy or renew an existing one, but cyber security is still a concern for the business, it's worth going over the same questions that an insurer may ask and having a robust answer ready and a plan in place to mitigate potential risks.
In its modern iteration, cyber liability insurance mitigates the losses and business costs associated with cyber incidents and resulting downtime. CyberCube, a company specializing in quantifying cyberrisk, estimates that the U.S. standalone cyber insurance market could reach $45 billion in premiums by 2034.
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