According to a new research report by IMARC Group, The global cyber insurance market exhibited strong growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 23% during the forecast period (2021-2026).
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Cyber Insurance Market Report 2021-26 | Industry Trends, Market Share, Size, Growth and Opportunities
iCrowd Newswire
23 Jul 2021, 10:58 GMT+10
According to a new research report by IMARC Group, The global cyber insurance market exhibited strong growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 23% during the forecast period (2021-2026).
Cyber insurance is a service that protects businesses against digital threats, such as malicious hacks, data breaches, malware, distributed denial-of-service (DDoS), malware, and ransomware. It also provides financial coverage for sensitive customer information, including credit cards, health records and social security, account, and driver s license numbers. It informs customers about cybersecurity incidents, recovers compromised data, restores their identities, and repairs damaged computer systems. Nowadays, various insurers worldwide are offering personalized plans depending on business requir
According to a new research report by IMARC Group, The global cyber insurance market exhibited strong growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 23% during the forecast period (2021-2026).
Cyber insurance is a service that protects businesses against digital threats, such as malicious hacks, data breaches, malware, distributed denial-of-service (DDoS), malware, and ransomware. It also provides financial coverage for sensitive customer information, including credit cards, health records and social security, account, and driver’s license numbers. It informs customers about cybersecurity incidents, recovers compromised data, restores their identities, and repairs damaged computer systems. Nowadays, various insurers worldwide are offering personalized plans depending on business requirements. These plans cover legal expenses and fees for physical damage and income loss.
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