The global Cyber Insurance market size is expected to reach $39.50 Billion by 2028 growing at the CAGR of 23.19% from 2021 to 2028.
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Global Cyber Insurance Drivers:
An increasing number of cyber-attacks has rapidly driven the cybersecurity insurance market. These attacks could result in serious incidents like personal information being leaked, hacked company websites, Intellectual Property stolen, e.g. program codes, etc.
Cyber insurance is designed to restore the power balance through the spreading of risk and also provides a much-needed sense of safety and security for businesses.