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Undoubtedly, cybersecurity — and the management of risk — is top of mind for most business leaders today.
Consider that nearly 75% of organizations experience at least one cyberattack — and the average cost of a data breach is $4.35 million.
And, experts say, this makes cyber insurance all the more imperative.
“Cyber risk is a business risk, so cyber insurance is a must-have for organizations,” write Forrester’s Heidi Shey and Alla Valente.
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Given all this, cyber risk management is one of the greatest growth opportunities for the insurance sector right now, said Pascal Millaire, CEO of cyber risk analytics platform CyberCube.
And, he said, “a key to unlocking this potential is the development of robust analytics tools to assist…
