Cyber insurance market set to double in size

Cyber espionage

The global cyber insurance market is forecast to grow from $16.7bn (£13.4bn) in direct written premiums in 2022 to $33.4bn in 2027, according to Global Data.

The data and analytics company stated the global cyber insurance market registered significant growth in 2020 and 2021 largely due to substantially raised premiums.

The increased frequency and

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