BusinessAdmin•Yahoo Finance RSS•17 hours ago
Challenges in Accurately Assessing Risk Hinder Cyber Insurance Growth
Cyber insurance growth is hampered by the challenges of accurately assessing risk, leading to potential underinsurance and increased vulnerability for businesses.
- • The growth of cyber insurance is stunted primarily due to difficulties in accurately assessing risk.
- • Insurers struggle to evaluate the unique cyber threats faced by different businesses, leading to uncertainty in policy offerings.
- • Without reliable risk assessment, companies may either underinsure themselves or avoid cyber insurance altogether, leaving them vulnerable.
Source: Yahoo Finance RSS
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