Insurance companies are not turning away from offering cyber insurance despite the perception that they are struggling to cover the costs of cyberattacks. In fact, according to SC Media, cyber-specific insurance has never been more popular. Companies are increasingly purchasing these policies, which can impact their cybersecurity plans and decision-making in the event of a cyberattack. Despite concerns about rising costs, the cyber-insurance industry is thriving and is currently the fastest-growing sector in the property/casualty insurance market.
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