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When considering adding a cyberinsurance policy, organizations, both public and private, must weigh the pros and cons of having insurance to cover against harm caused by a cybersecurity incident. Having cyberinsurance can help ensure compliance with these requirements. Can companies live without cyberinsurance?
New research reveals that a record number of organizations are buying cyberinsurance policies as a tool for protecting themselves against cyberrisk. However, the cost for those policies is rising dramatically as cyberinsurance premiums soar up to 30% vs. the previous year. cyberinsurance market.
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