The Value of Cyber Insurance: Why It Matters and How to Navigate Its Challenges
As cyber threats become increasingly sophisticated, the demand for cyber insurance has grown significantly. While it primarily serves as a means of transferring financial risk, the true value of cyber insurance extends far beyond monetary protection. It fosters critical conversations about cybersecurity practices, illuminates gaps in IT security, and influences business operations at multiple levels. Here’s a closer look at the role of cyber insurance and how businesses can effectively navigate its complexities.