Read the original article: Cyber Insurance in 2020
Cyber insurance has emerged as a response to the rapidly increasing cyber-attacks across the world and the extent of damage these attacks cause to businesses. Recent trends indicate there is a continual rise of cybersecurity attacks that leverage vulnerabilities of businesses to launch cyber attacks. Data breaches exposed around 4.1 billion records in the first half of 2019.
Companies are now proactively managing their cybersecurity risks by early identification and mitigation of vulnerabilities. However, it’s impossible to completely secure your business from cyber threats and attacks. There’s only so much you can do, from resource allotment to hiring skilled professionals.
Read the original article: Cyber Insurance in 2020