Cyber Insurance May Fall Short of Cyberattack Costs

April 30, 2024

The protection afforded by cyber insurance may fall significantly short of the actual costs incurred during cyber incidents, according to an analysis by cybersecurity firm CYE.

The report, leveraging both external and internal datasets, exposes critical coverage gaps that threaten organizational stability in the wake of cyberattacks.

The study reveals that a staggering 80% of insured companies that suffered a data breach did not have sufficient coverage to meet the costs of a breach.

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