Organizations should be fully aware of what's at stake from a cyber risk perspective because each company carries various degrees of risk relative to their distinct type of attack surface. (Photo: zephyr_p/Shutterstock.com)
The cyber insurance market is rapidly maturing and there are many reasons for this. Companies are increasingly leveraging technology to expand or streamline their businesses, remote work is seeing wide-scale adoption, cybercrime is inflicting trillions of dollars in damages and global cybersecurity legislation and privacy obligations are increasingly holding firms accountable. The cyber insurance market is projected to become a thriving $20 billion industry by 2025.
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