60% of Businesses Plan to Spend More on Cyber Insurance

New data reveals 65% of SMEs plan to invest more in cyber insurance, compared with 58% of large enterprises.

Organizations of all sizes plan to invest more in cyber insurance in the coming years, but small and midsize enterprises (SMEs) are allocating more of their budgets compared with large companies.
A new survey of 1,009 businesses revealed 65% of SMEs plan to spend more on cyber insurance in the next two years, compared with 58% of large enterprises. More than 70% of SMEs have a coverage limit lower than $1 million and less than the total cost of expenses and loss related to a cyberattack they have experienced in the past or expect to face in the future.
The research revealed approaches to cyber insurance vary across industries. Life sciences, healthcare, retail, hospitality, and telecom are undercovered and have the biggest gap between their coverage limits and expected losses. On average, 45% of businesses of all sizes think its likely they will experience a breach over the next year.
Read more details
here
.

Learn from industry experts in a setting that is conducive to interaction and conversation about how to prepare for that really bad day in cybersecurity. Click for
more information and to register
for this On-Demand event.

Last News
▸ Glasgow Council fined for weak security. ◂ Discovered: 26/12/2024 Category: security	▸ NSA PRISM causes controversy, yet seems lawful. ◂ Discovered: 26/12/2024 Category: security	▸ Google increases bug bounty rewards. ◂ Discovered: 26/12/2024 Category: security

**Cyber Security Categories**
Google Dorks Database	Exploits Vulnerability	Exploit Shellcodes

CVE List

Tools/Apps

News/Aarticles

Phishing Database

Deepfake Detection

Trends/Statistics & Live Infos

Tags:
60% of Businesses Plan to Spend More on Cyber Insurance