The landscape of cyber threats has significantly expanded in terms of volume, complexity, and impact of attacks over the past few years
The landscape of cyber threats has significantly expanded in terms of volume, complexity, and impact of attacks over the past few years. Consequently, regardless of their size, industry, or geographic location, the vast majority of companies prioritize protection against these threats and primarily strive to implement robust cyber defense measures to counteract them.
However, given the difficulty of preventing and anticipating all current and future forms of threats, especially the methods attackers use to bypass defenses and introduce ransomware into a system, organizations worldwide also tend to adopt cyber insurance policies to safeguard their operations in the event of a successful intrusion. According to the State of Ransomware 2023 Study conducted by Sophos in early 2023, 91 percent of global companies have some form of cyber insurance.
If 47 percent of companies declare having subscribed to an independent insurance policy, and 43% have opted for insurance integrated into broader coverage, independent and…
