Cyber insurance market set for significant growth over next decade

10/01/2024 | Infosecurity Magazine

Research by Market.Us reveals that the global cyber insurance market is set to grow at a rate of 22.3% CAGR from 2023 to reach $90.6bn by 2033.  The report cites several factors contributing to the growth of cyber insurance coverage, including the rising cyber threats and attacks, a constantly changing regulatory environment, an increasing financial impact of cyber incidents, and a growing awareness and understanding of cyber risks.

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Umbrella, Insurance

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