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Cyber Insurance Market Is Dominated by BFSI Category
The cyber insurance market was USD 11,904.6 million in 2022, and it will reach USD 48,328.4 million, growing at a CAGR of 19.1%, by 2030 as per a report by a market research institution, P&S Intelligence.
The growth in the cyber insurance industry is attributed to the adoption of cyber insurance as a risk mitigation strategy, the growing number of virus, malware, and various types of attacks on IT networks, and the increasing regulation concerning cybersecurity.
The healthcare category is expected to witness the fastest growth, progressing at a rate of more than 20%. The growing digitalization and increasing internet penetration in the healthcare sector to access individual information easily have resulted in online vulnerabilities, because of which crucial data are being exposed to external and internal threats.
Due to such factors, the healthcare vertical has become a main target for attackers in recent years. Therefore, to shield themselves from mitigating related and malicious intent losses, numerous healthcare organizations are choosing cyber insurance.
Read More: https://www.psmarketresearch.com/market-analysis/cyber-insurance-market
The cyber insurance market was USD 11,904.6 million in 2022, and it will reach USD 48,328.4 million, growing at a CAGR of 19.1%, by 2030 as per a report by a market research institution, P&S Intelligence.
The growth in the cyber insurance industry is attributed to the adoption of cyber insurance as a risk mitigation strategy, the growing number of virus, malware, and various types of attacks on IT networks, and the increasing regulation concerning cybersecurity.
The healthcare category is expected to witness the fastest growth, progressing at a rate of more than 20%. The growing digitalization and increasing internet penetration in the healthcare sector to access individual information easily have resulted in online vulnerabilities, because of which crucial data are being exposed to external and internal threats.
Due to such factors, the healthcare vertical has become a main target for attackers in recent years. Therefore, to shield themselves from mitigating related and malicious intent losses, numerous healthcare organizations are choosing cyber insurance.
Read More: https://www.psmarketresearch.com/market-analysis/cyber-insurance-market
Cyber Insurance Market Is Dominated by BFSI Category
The cyber insurance market was USD 11,904.6 million in 2022, and it will reach USD 48,328.4 million, growing at a CAGR of 19.1%, by 2030 as per a report by a market research institution, P&S Intelligence.
The growth in the cyber insurance industry is attributed to the adoption of cyber insurance as a risk mitigation strategy, the growing number of virus, malware, and various types of attacks on IT networks, and the increasing regulation concerning cybersecurity.
The healthcare category is expected to witness the fastest growth, progressing at a rate of more than 20%. The growing digitalization and increasing internet penetration in the healthcare sector to access individual information easily have resulted in online vulnerabilities, because of which crucial data are being exposed to external and internal threats.
Due to such factors, the healthcare vertical has become a main target for attackers in recent years. Therefore, to shield themselves from mitigating related and malicious intent losses, numerous healthcare organizations are choosing cyber insurance.
Read More: https://www.psmarketresearch.com/market-analysis/cyber-insurance-market
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