Cybersecurity Dive April 22, 2024
A CYE analysis of 101 breaches across various sectors revealed insurance gaps resulting in an average of $27.3 million in uncovered losses per incident.
Dive Brief:
The majority of companies, 4 in 5, have suffered a cyberattack that wasn’t fully covered under their cyber insurance policy, according to an analysis by cyber risk quantification firm CYE.
On average, each insurance gap left more than three-quarters of a breach uncovered, CYE said in a report released Wednesday. The research, which analyzed 101 breaches across various sectors, revealed an average of $27.3 million in uncovered losses per incident.
“This study underscores how many companies rely on cyber insurance to cover the losses incurred as a result...
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