GDPR, with its rigorous data protection standards and hefty fines for non-compliance, has heightened awareness about data privacy and reshaped the demand for cyber insurance.
Cyber insurance offers a financial safety net that can help organisations mitigate the potentially devastating financial impacts of cyber incidents, including data breaches, ransomware attacks, and other forms of cybercrime.
Organisations should consider cyber insurance as an integral component of their risk management strategy, particularly given the escalating landscape of cyber threats and regulatory requirements.