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Since most cyberattacks are carried out for money, banking, financial services, and insurance (BFSI) companies are the most-significant end users of cyber insurance. With time, much of customers' financial data has gone digital, which has made it easier for miscreants to steal it. For instance, the
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Digital versions of patients' medical information (electronic health records) and several medical devices that are connected to the hospitals' internet mainframe are vulnerable to attacks. EHRs most often contain patients' billing and insurance information, which is one of the first things cyber attackers look for while carrying out a crime. Moreover, if criminals get into the main IT infrastructure of a medical facility, its entire operation could be disrupted, which could lead to mass deaths.
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Hence, with more incidents of cyberattacks being recorded each year, leading to financial losses of billions of dollars, subscriptions of cyber insurance are expected to keep rising.
Cyber insurance market report segmentation
Segmentation by Policy
- Data Breach
- Identity Theft
- Malware Attack
- Email Spoofing
Segmentation by Product Type
Segmentation by Service
Segmentation by Enterprise
Large Enterprises Small- and Medium-Sized Enterprises(SMEs)
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