Cybersecurity has become a key concern for nearly all businesses. With the rising number of data breaches, malware and other cyber threats, many business owners are now investing in cyber insurance.
Statistics show that the total cost of cyber crime will climb to a staggering $6 trillion by 2021. It's not just who consumers who are being targeted by hackers, however; businesses are also being targeted.
Whether small, medium or large, all businesses with a digital footprint are susceptible to cyber threats. While there's no substitution for a strong cybersecurity plan, cyber insurance can help offset the costs of recovery if a business is attacked.
Cyber insurance is a specific type of insurance designed to protect businesses from digital risks. There are several different types of cyber insurance.
Hacksurance, for instance, is designed to protect against cyber attacks and hacking attacks, while theft and fraud insurance protects against the destruction or loss of data caused by a cyber event. Other forms of cyber insurance include forensic investigation, business interruption, extortion, reputation and computer data loss and restoration insurance.
While each type is designed for a specific purpose, they all pertain to data. By investing in cyber insurance, business owners will have peace of mind knowing they are financially protected in the event of a digital disaster.
The Global Cyber Insurance Market Size…and Forecast 2025 report by The Market Reports is a professional analysis of the global cyber insurance market. Covering current scenarios as well as future prospective scenarios through 2025, it provides a detailed look at the market and where it's headed.
Within this report, you'll find data and insights on the market's size, classifications, chain structure, growth drivers, challenges and more.
Some of the key cyber insurance vendors profiled in this report include Aig, Chubb, Xl Group, Beazley, Allianz, Zurich Insurance, Munich Re Group, Berkshire Hathaway, Aon, Axis Insurance, Lockton, Can, Travelers, Bcs Insurance, Liberty Mutual and others.
The Global Cyber Insurance Market Research 2017 report by The Market Reports is a comprehensive study of the global of the global cyber insurance market. It features 121 professional written pages to provide a better understanding of the cyber insurance market.
Using this report, you'll learn the intricacies of cyber insurance from a business's perspective.
This report segments the global cyber insurance by several criteria. On the basis of geographic region, the market is segmented into North America, Europe, China, Japan, Southeast Asia and India.
On the basis of product type, the market is segmented into small enterprise, medium enterprise and large enterprise. Finally, the report segments the cyber insurance market by application, focusing specifically on healthcare, retail, financial services, information technology and services and others.
Each market segment is thoroughly scrutinized.
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