Veem: What is the real value of cyber insurance?

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BlogInnovazione.it 2024-03-19
Cybersecurity threats
The threat of cyber attacks is nothing new, but ransomware is proving to be more effective than ever in generating profits.
This has forced businesses to turn to insurance to protect themselves from the huge financial impact of these attacks.

As demand has increased to unprecedented levels, the industry has become extremely volatile. Premiums are rising, there are more regulations on what is and is not covered, and minimum standards have been introduced for qatar rcs data businesses seeking insurance. This may sound like bad news for businesses, but there are many positives in the end.

Insurance for the digital world
Sometimes people think that cybersecurity is a dark world. In reality, the physical and digital realities are much more similar than you might think. Thirty years ago, companies looking to protect their assets first thought about fire and theft insurance. Today, the risks are more digital. According to the Veem Data Protection Trends Report 2024 , three out of four organizations have experienced at least one ransomware attack in the past year, and one in four have been attacked more than four times in the same period.