Browse The Report: https://www.transparencymarketresearch.com/cyber-insurance-market.html
Cyber-attacks vary from sector to sector and are constantly increasing. For instance, the retail sector is increasingly being targeted and the BFSI sector finds itself a focus of organized cyber-crime. Technology has altered the way banking is conducted — from storing data in the cloud to providing services online to customers. Distributed denial-of-service (DDoS) and ransomware attacks are increasingly used against businesses such as media & entertainment and health care. Meanwhile, the telecommunications and public sectors are susceptible to espionage-focused cyber-attacks.
Industries that hold large volumes of personal data, such as retail & healthcare or sectors relying on digitalized technologies such as telecommunications, logistics, and manufacturing are currently most likely to adopt cyber insurance. However, there is rising interest in the energy & utilities financial institutions and transport sectors, driven by the increasing threats posed by interconnectivity. Instances of computer breaches in recent years, such as
Surge in commercialization, rise in interconnectivity, and globalization of cybercrime are responsible for occurrence of cyber incidents. These factors boost the growth of the cyber insurance market. The global cyber insurance market is expected to gain traction, owing to increase in cyber-related losses and cyber risk awareness among top executives. Furthermore, implementation of legislation supporting data security in emerging as well as developed nations is likely to drive the cyber insurance market during the forecast period. However, constantly changing and complex nature of cyber risks is expected to restrain the global cyber insurance market.
The global cyber insurance market can be segmented based on enterprise size and vertical. In terms of enterprise size, the market can be categorized into SMEs and large enterprises. Based on vertical, the global cyber insurance market can be classified into BFSI, telecom & IT, media & entertainment, transportation, retail & e-commerce, utilities, health care, government, and education.
Get Sample Copy of this report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=48276
In terms of region, the global cyber insurance market can be segmented into
For more information on this press release visit: http://www.sbwire.com/press-releases/cyber-insurance-market-surge-in-commercialization-rise-in-interconnectivity-and-globalization-of-cybercrime-1050303.htm