How Organizations Can Leverage Cyber Insurance Effectively
Dark Reading, Friday, April 25th, 2025
By focusing on prevention, education, and risk transfer through insurance, organizations - especially SMEs - can protect themselves from the rapidly escalating threats of cyberattacks.
It is not news that cyberattacks are considered a top global concern. In 2024, the average financial cost of cyber incidents worldwide was $4.88 million. In the US, the average was even higher: $9.36 million. The ramifications of a cyberattack are more than just the obvious ones. The damage to infrastructure, lost revenue, attorney fees, incident response, and the resulting security enhancements make up the other half of that impact.