40 Percent of Organizations Have an Active Cyber Insurance Policy
A new Spiceworks study reveals that 38 percent of organizations across North America and Europe have an active cyber insurance policy, yet many organizations still aren’t sold on the benefits of cyber insurance and are hesitant to purchase a policy.
“In a world where cybersecurity breaches increasingly make the headlines, many organizations want the peace of mind an insurance policy offers in the unfortunate event of a breach,” says Peter Tsai, senior technology analyst at Spiceworks. “As a result, we expect the adoption of cyber insurance to increase in businesses across the globe over the next two years. However, despite these expected gains, many organizations still lack knowledge about cyber insurance, while others are skeptical of the value of these policies in general.”