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Cyber-insurance market estimated to grow to $9.37 billion by 2020

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UK’s cyber-insurance market is expected to value £6 billion ($9.37 billion) by 2020, reports SC Magazine.

More firms are starting to consider transferring risks to insurers given the rising number of cyber-attacks, according to ABI Research,. However, despite the increasing awareness of vulnerability to breaches and risk management actions, less than 20% of big organizations take cyber-insurance.

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