A staggering 80 percent of companies are lacking sufficient cyber insurance, leaving them vulnerable to potential cyber threats.

Quick Summary:

According to a new report, 80 percent of insured companies that have suffered a data breach didn't have sufficient coverage for the incident.

The study, from cybersecurity optimization platform CYE, finds the average coverage gap is 350 percent, which means that more than 75 percent of the incident was not covered.

In some cases, the maximum insurance gap is as high as 3,000 percent.

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Article Details

Author / Journalist: Ian Barker

Category: Technology

Markets: United States

Topics: Cybersecurity Data Breach Insurance Article

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-04-17 @ 13:50:28 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: betanews.com

Language: English

Article Length: 353 words

Reading Time: 2 minutes read

Sentences: 16 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BetaNews

News ID: 20713716

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About BetaNews

Main Topics: Technology

Official Website: betanews.com

Update Frequency: 7 posts per day

Year Established: 1992

Headquarters: United States

News Last Updated: 10 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #58

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