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The cyber insurance market is still relatively young but has been forced to mature at warp speed. (Shutterstock) The cyber insurance market is still relatively young but has been forced to mature at warp speed. (Shutterstock)

The cybercrime community is alive and thriving, and organizations of all shapes and sizes remain vulnerable. The most ubiquitous elements of our society — energy, water, health care, education, manufacturing, commerce and government — all are in the cyber crosshairs.

This is a continuation of what we saw in 2021. If we review last year’s major cyber events, there was no slowdown in data breach, system failure or ransomware events. Cyber incidents were also relatively indiscriminate by industry, stretching from media conglomerates to utilities suppliers.

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