Can cyber insurance secure your organisation’s data?
The Hindu
Several companies are considering taking cyber insurance to seek protection against huge financial losses, especially after the prevalence of large-scale cyberattacks including the recent ones on SolarWinds and the U.S. Colonial Pipeline
(Subscribe to our Today's Cache newsletter for a quick snapshot of top 5 tech stories. Click to subscribe for free.) Large-scale cyberattacks, like the recent and attacks, have highlighted the growing threat of high-profile hacks on Internet users worldwide. According to the World Economic Forum, cyberattacks top the list of human-caused risks globally, and research firm Cybersecurity Ventures has predicted cybercrime may cause damages worth $6 trillion by the end of this year. Several companies have turned to cyber insurance to seek protection against huge financial losses.More Related News

Insurance penetration and density are often misunderstood and do not reveal how many families are insured or whether they would be financially secure if the main earning member were to die. The real issue is not reach but adequacy, as households may have life insurance but not enough cover to replace lost income, leaving them financially vulnerable.












