According to experts, the demand for insurance against cyber attacks has grown fivefold. It is reported that insurance is mainly purchased by companies. The number of insurance policies they bought has approached a thousand.
The fact is that in 2020 many companies switched to a remote work format. Because of this, the risk of cyberattacks has increased. Companies realized they had to defend themselves against hackers.
Fewer than ten organizations currently offer insurance against cyber attacks. The greatest demand is shown by credit institutions and companies related to the IT industry.
It is noted that insurance against hacker attacks is quite expensive. The problem is that insurance companies are not yet able to accurately identify the potential losses from cybercrimes.