Romania Cyber Insurance Market Size Estimated to Reach $584.1 Million by 2026
"Cyber Insurance in Healthcare Sector Is Growing Significantly Owing to Rapid Increase in Cyber-attacks, With the Digitization of Health Records and Increasing Penetration of the Internet."
BriefingWire.com, 4/20/2021 -
The Romania Cyber Insurance Market size is estimated to surpass $584.1 million mark by 2026, growing at an estimated CAGR of more than 32.6% during the forecast period 2021 to 2026. Rising need for high security in case of online transactions, social media, and applications are increasing the security needs of the companies at a rapid rate. Cyber-attacks can cause severe financial and other losses to an organization or an individual. Cyber insurance policy/cyber liability insurance policies/cyber risk insurance allows an organizationâs liability for any kind of sensitive data breach, cyber extortion, and network interruption. The market will be driven by the growing awareness against cyber risks and cyber-attacks in many organisations.