How to Reduce Your Cybersecurity Insurance Premium in 2022
Cyberattacks are growing in prevalence and sophistication, and so are the damage costs associated with these events. According to a 2022 cost of data breach report, the average damage cost of a data breach has reached a record high of USD 4.35 million. Provoked by increased data breach damage costs, a growing number of US businesses are partnering with Cybersecurity Insurers, who, in turn, respond to this increased demand by inflating cyber insurance premiums.