Small-to-Medium-Sized Enterprises More Likely to Adopt Cyber Insurance
Cowbell Cyber, company which maps insurable threats and risk exposures using artificial intelligence to determine the probability of threats and impact on coverage types, released “The Economic Impact of Cyber Insurance,” a survey analysis focused on cyber insurance for SMEs. The Cowbell Cyber analysis is an extension of “Driving Cybersecurity Performance” — a research report published by ESI Thoughtlab — and specifically extracts data for cyber insurance buying intentions, drivers, satisfaction, limits, and disparities between SMEs (revenue <$1B) vs. large enterprises (revenue >$1B) in the United States.
Respondents had responsibility for cybersecurity or detailed knowledge of its use. More than 9 in 10 were C-level executives. The survey examined cybersecurity investments, plans, practices, and performance results at their firms. It included quantitative questions to allow ESI ThoughtLab economists to develop a rigorous cybersecurity maturity framework, analyze performance metrics, benchmark practices, and measure the ROI on cybersecurity investments.