Cyber-insurance market estimated to grow to $9.37 billion by 2020
Posted On: Aug. 4, 2015 12:00 AM CSTUK’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.