July 06, 2022
A need for cyber-Insurance.
Ransomware attacks are proliferating to the extent it is becoming and industry in itself. The costs of cyber insurance are increasing exponentially The consequence of this can be expected to be a surge in businesses investing in tighter controls, better methods of control and increasing spend on defence and mitigation measures.
As well as this, the insurance industry for cyber will grow and begin to differentiate based on risk assessment and some of this will include automated risk assessment, the creation of a new tech industry?