Cyber Insurance Demand Grows as Cybercrime is Expected to Rise to $24 Trillion by 2027
KnowBe4
MAY 11, 2023
As cyber attacks continue to grow in sophistication, frequency, cyber insurers are expecting their market to double in the next two years.
KnowBe4
MAY 11, 2023
As cyber attacks continue to grow in sophistication, frequency, cyber insurers are expecting their market to double in the next two years.
Data Matters
OCTOBER 20, 2022
Treasury Department is seeking public comment on the need and scope for a potential federal insurance response to catastrophic cyber incidents, akin to the one put in place for terrorism insurance after the attacks of September 11, 2001. The request, published by the Federal Insurance Office (FIO) in the U.S. Background.
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Security Affairs
FEBRUARY 8, 2024
Cyber Insurance: US cyber insurance premiums soared by 50% in 2022, reaching $7.2 every year until 2027, pointing to rapid progress and investment in AI-based security. Data Breach Costs: The average global cost of a data breach in 2023 was $4.45 million, up 15% in three years. The US topped the list at $5.09 million per breach.
KnowBe4
MAY 16, 2023
[link] Munich Re: '3X Growth Estimated in Cyber Crime Costs Over the Next 4 Years' As cyber attacks continue to grow in sophistication and frequency, cyber insurers are expecting their market to double in the next two years. I've also talked quite a bit about cyber insurance and the recent trends. billion by 2027. "3x
IT Governance
APRIL 22, 2024
Cloud, FL Source (Update) Public USA Yes 719,597 Regulator Marine Inc Source (New) Manufacturing USA Yes 630 GB Risas Dental and Braces Source 1 ; source 2 (New) Healthcare USA Yes 618,189 HUB International Source (New) Insurance USA Yes 514,477 Lee University Source 1 ; source 2 (New) Education USA Yes 387.49
Info Source
NOVEMBER 13, 2023
In EMEA , the Finance segment, consisting of Banking and Insurance, continues to account for one third of the regional Capture & IDP market in 2022. It provides an in-depth assessment of the Capture and IDP software and solutions market with actuals through 2022 and forecasts through 2027.
IBM Big Data Hub
APRIL 10, 2024
By 2027, 25% of CIOs will have compensation linked to their sustainable technology impact. Beyond traditional cost reduction methods, addressing sustainability has emerged as an essential part of modern cost reduction approaches. Modernization can substantially address sustainability goals.
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