This is a sobering article about the risk and economics of the cyber insurance market, issued in the World Economic Forum website.
Summary points:
- The cyber insurance market has grown rapidly in recent years.
- Despite this, low premium prices and high risks are combining to stifle further growth, and leaving many firms underinsured against this growing threat.
- Data suggests that the cyber insurance market may be carrying more risk than it can handle.
- Where next from here.
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