Cyber insurance is gaining favor in the business world. An expert offers tips on how to get what’s needed for the best price.
In his TechRepublic article IBM finds cyberattacks costing companies nearly $4 million per breach, Jonathan Greig mentioned, “On average, breaches now cost organizations $3.86 million per attack, with the United States having the highest average cost per breach and healthcare being the most heavily hit industry.”
That was nearly a year ago and many tech pundits, including Rob Sobers in his Varonis article 134 Cybersecurity Statistics and Trends for 2021, suggest that 2021 ain’t gonna be any better. One statistic that hits home to most business owners is Gartner’s forecasting that the worldwide information security market will top $170 billion by 2022.
So what’s a business owner to do—spend money on the latest and greatest cybersecurity platform, that may or may