What are the latest statistics on cybersecurity insurance?
An example of an AI chatbot conversation about cybersecurity insurance statistics.
What are the latest statistics on cybersecurity insurance?
As of 2023, about 47% of businesses have cybersecurity insurance, up from 30% in 2021.
What types of incidents are most commonly covered?
Commonly covered incidents include data breaches, ransomware attacks, and business interruption due to cyber events.
How much does cybersecurity insurance typically cost?
The cost varies widely, but small businesses can expect to pay between $1,000 to $7,500 annually.
Are there any trends in the claims made?
Yes, claims related to ransomware attacks have significantly increased, accounting for over 60% of claims in recent years.
What should a business consider before getting insurance?
Businesses should assess their risk profile, the types of data they handle, and their overall cybersecurity posture.
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