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Cyber Insurance Market to Grow at CAGR of 22.3% through

The global cyber insurance market is predicted to grow from $10.74bn in 2022 to $80.39bn by 2032, according to The Brainy Insights. The Asia-Pacific region is expected to see the greatest growth due to the quick adoption of digital technology. Cyber insurance covers the costs of asset loss, physical damage and customer notifications following a cyber-attack. SMEs are increasing their uptake of cyber insurance as they recognise the potential financial losses caused by cyber incidents.

Source: www.globenewswire.com –

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