Cyber insurance can act as a financial safety net, helping businesses recover from these unforeseen events. However, with a growing number of cyber insurance policies available, choosing the right one for your specific needs can be overwhelming
According to the Australian Cyber Security Centre (ACSC), Australian businesses experienced a staggering 67% increase in cyber attacks in 2022-23, highlighting the urgent need for robust cybersecurity measures. While prevention is crucial, cyber attacks can still happen. This is where cyber insurance comes in – a specialized insurance policy designed to protect your business from the financial fallout of a cyber incident.
The threat of cyberattacks is growing as the globe continues to become more digitalized, remote working becomes the new standard, and the cyber market is always changing. A cyber attack can have significant effects on a company or organisation, both financially and otherwise.
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