CDSA

Demand for Cyber Insurance is High, and so are the Risks (Decipher)

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Organizations already have a long list of insurance policies—for automotive accidents, healthcare, natural disasters, fire and water damage—and adding a policy to cover security incidents make sense from a risk management perspective. And the numbers show that the cyber insurance market is growing rapidly. Direct cyber insurance premiums grew to $2 billion last year, up 26 percent since 2015, Moody’s Investors Service said in a recent report.