Be it data breaches, phishing emails, embedded malware or cyber extortion, organizations – SMBs and enterprises, alike – are finding themselves the targets of cyber attacks all too frequently. According to the Theft Resource Center, the number of data breaches in the U.S. in 2021 increased by more than 68% year-over-year, with the average total breach cost nearing $4.24 million.
Cyber insurance has become a necessary tool for many organizations in this increasingly hard-fought fight against cyber bad actors. However, the cyber insurance market is changing fast. Organizations interested in cyber insurance today will likely face higher premiums, stricter underwriting requirements, and policy limitations.
Download this complimentary Bitdefender whitepaper for more on the cyber insurance market, including:
- Learn about the current state of the cyber insurance market
- Understand the benefits of having cyber insurance
- Get tips for obtaining and renewing cyber insurance policies
- Identify how Bitdefender technologies and services can lower your risk profile
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