Cyber insurance trends to look for in 2021

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<namePart>Cooksley, Trent </namePart>
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<abstract displayLabel="Summary">According to recent research conducted by Cowbell Cyber, 65% of small and medium-size businesses (SMEs) are planning to spend more on cyber insurance as part of their cyber resilience plan in the next two years. This comes as little surprise in the midst of COVID-19 as cybercriminals have become more opportunistic, and have developed new tactics to wreak havoc on their victims. It is critical, now more than ever, for organizations to insure their most valuable assets, which of course includes their digital assets. As the cyber insurance market evolves, industries of all types are realizing the need for specific, tailored cyber policies to address their unique needs. The coming year will usher in a wave of transformation for cyber insurance. </abstract>
<note type="statement of responsibility">Trent Cooksley</note>
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<text>January 5, 2021 ; 3 p.</text>
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