Cyber Risk Insurance Sector to Reach $7.5 Billion by End of the Decade, PwC Says

Cyber Risk Insurance Sector to Reach $7.5 Billion by End of the Decade, PwC Says

Cyber insurance is clearly a good idea, considering the rapid growth of technology and daily malware releases. June isn’t even over and already 6.46 million new pieces of malware appeared this month, as per AV-Test. But simply because a company chooses to protect its assets in case of a breach, it doesn’t mean it will never fall victim to an attack. In today’s threat landscape, cyberattacks are inevitable. It’s no longer a matter of “if,” but of “when” the next attack will strike to encrypt valuable data or shut down a critical infrastructure.

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