Cyber Insurance Market to Hit $70,671.9 Million Revenue By 2030: P&S Intelligence
Cyber Insurance Market to Hit $70,671.9 Million Revenue By 2030: P&S Intelligence
Global #Cyber insurance market revenue is expected to reach $70,671.9 million by 2030, at a robust 26.3% CAGR between 2020 and 2030, according to P&S Intelligence. Though insurance can never stop the cybercrime from happening, it can protect the victims from the financial losses due to malware, ransomware, and distributed denial of service (DDoS) attacks. It is not just individual users and companies that have woken up to the issue of cybercrime, but also governments, which are now implementing strict laws mandating people to have a robust cyber insurance and cybersecurity plan in place.
Cyber Insurance Market to Hit $70,671.9 Million Revenue By 2030: P&S Intelligence
Hugh Taylor
Hugh Taylor is a Certified Information Security Manager (CISM). In addition to editing Journal of Cyber Policy, he writes about cybersecurity, compliance and enterprise technology for such clients as Microsoft, IBM, SAP, HPE, Oracle, Google and Advanced Micro Devices. Prior to launching his freelance writing career, he served in executive roles at Microsoft, IBM and several venture-backed technology startups.