Day: August 3, 2023

5 Challenges Uninsured Businesses Face while Obtaining Insurance After a Cyber Breach

In 2022, the FBI’s Internet Crime Complaint Center (IC3) received 800, 944 reported cybersecurity complaints, with losses exceeding $10.3 billion. With the rapid evolution of cyber-attacks, leaving businesses uninsured poses operational and financial threats. In contrast, subscribing to a cyber insurance policy allows businesses to mitigate the financial burden of cyber-attacks. For example, if your 5 Challenges Uninsured Businesses Face while Obtaining Insurance After a Cyber Breach

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