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.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
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.
AIIM
APRIL 12, 2022
The classic example is the insurer that won’t pay for care that a doctor determines a patient needs. Insurers are about profit; doctors are about delivering the best care. With collaborative videoconferencing: Low-income patients without insurance can use the Emergency Room less often. Telemedicine.
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
Data Protection Report
JULY 12, 2024
assessing credit risk, underwriting for life and health insurance, emotion recognition outside the workplace or education). August 2, 2027 – obligations apply for high-risk AI systems brought into scope via other EU product safety legislation, e.g. medical devices, machinery, radio equipment.
OpenText Information Management
AUGUST 30, 2024
According to IDC's December 2023 Security Analytics TAM report, the total addressable market for on-prem SIEM/Security Analytics in EMEA is expected to grow from $2.008 billion in 2022 to $2.111 billion by 2027. ArcSight provides critical insurance against the damage modern cyber-attacks can inflict on an organization.’
Let's personalize your content