Despite Soaring Prices, Cybersecurity Insurance Keeps Growing Briskly
Most cybersecurity professionals know that cyber breaches increase each year. So it’s no surprise that the cybersecurity insurance business also keeps growing briskly. According to data from Markets and Markets and Polaris Market Research, the cyber insurance market swelled to $11.9 billion worldwide in 2022, up from $10.1 billion the previous year, and is projected to grow to more than $29 billion by 2027.