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Global Cyber Insurance Market 2020 (Includes Business Impact of COVID-19) – 3w Market News Reports


Trusted Business Insights answers what are the scenarios for growth and recovery and whether there will be any lasting structural impact from the unfolding crisis for the Cyber Insurance Market market. Trusted Business Insights presents an updated and Latest Study on Cyber Insurance Market Market 2019-2026. The report contains market predictions related to market size, revenue, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the future trends and developments of the market. The report further elaborates on the micro and macroeconomic aspects including the socio-political landscape that is anticipated to shape the demand of the Cyber Insurance Market market during the forecast period (2019-2029).

Reinsurance backstops are key to addressing systemic cyber risk: EastWest Institute - Reinsurance News


A new report from the EastWest Institute has argued that the creation of government backstops in the form of private reinsurance pools will be one of the key pillars in enabling the insurance industry to guard against systemic cyber risk and avoid catastrophic losses. The non-profit thinktank suggested that such an approach would increase the overall capacity of the market to handle a major, multi-market loss. It advocated for a model similar to those already created to handle terrorist events, such as the Terrorism Risk Insurance Act (TRIA) in the U.S and Pool Re in the UK. "Due to the innovative and evolving nature of the insurance market, the insurance industry is not currently seeking to establish a backstop program," the report stated. "Nevertheless, with the increasing accumulation of cyber risk and cyberrelated dependencies, incidents may result in claims beyond the insurance market's current capacity. Governments should consider creating a targeted backstop program for systemic cyber incidents."

Artificial intelligence in cyber security market is valued at $4.94bn in 2019, according to Visiongain


Visiongain has launched a new cyber report Artificial Intelligence in Cyber Security Market Report 2019-2029: Forecasts by Component (Hardware, Software, Services), by Deployment Type (On-premise, Cloud, Hybrid), by Security Type (Endpoint Security, Network Security, Application Security, Cloud Security), by Technology (Machine Learning, Natural Language Processing, Context Awareness Computing), by Application (Antivirus/Antimalware, Identity and Access Management (IAM), Risk and Compliance Management, Intrusion Detection/Prevention Systems, Encryption, Unified Threat Management (UTM), Data Loss Prevention (DLP), Others), by Industry (Enterprise, BFSI, Government & Defence, Retail, Healthcare, Manufacturing, Automotive & Transportation, Others), Leading Company Analysis, Regional and Leading National Market Analysis. The increasing number of cyber frauds and malicious attacks is one of the prime growth factors of artificial intelligence in the cyber security market. In addition, the growing adoption of bring your own devices (BYOD) in organisations is also anticipated to drive the growth of artificial intelligence in the cyber security market. With the rising incidences of cyber-crimes, artificial intelligence in the cybersecurity market will gain traction in years to come. Cyber-frauds such as identity and payment card thefts, account for over 55% of all cyber-crimes and may prove costly for organisations, if not resolved quickly.

Cyber security: We need a better plan to deter hacker attacks says US


The US needs to fundamentally rethink its strategies for stopping cyber attacks and should develop a tailored approach to deterring each of its key adversaries, according to a new government report. The report published by the US State Department -- like a recent paper on botnets -- comes in response to an executive order signed by President Donald Trump last year, which called for a report "on the nation's strategic options for deterring adversaries and better protecting the American people from cyber threats." The report said that while the US has become dependent upon sophisticated networked information systems, its rivals have been learning to exploit that dependence to "steal from Americans, disrupt their lives, and create insecurity domestically and instability internationally." The cyber threat posed by rival states -- and by Russia, China, Iran and North Korea in particular -- is often alluded to by intelligence agencies, but the US and its allies have struggled to find a way to deter these cyber intrusions. The unclassified cyber-deterrence overview published by the State Department doesn't mention particular countries, but said that strategies for deterring malicious cyber activities "require a fundamental rethinking".

Global Cyber Security Market Worth Over $150 Billion by 2021


Cyber Security market is expected to grow with the CAGR of 8% - 11% during 2016 to 2021, owed to which it is predictable to cross USD $150 billion by 2021, assures the Market Research Future in one of its recently published study report - "Global Cyber Security Market Research Report Forecast 2017- 2021" With growing industries and preference for centralization amongst the organizations; the computer based systems have become an indispensable part of the business processes. Thus, cyber security has become the most critical concern for organizations to protect their data from the fast-rising incidences of cybercrimes. Cyber security systems are used in computers connected to the internal as well as external networks. Cyber security is one of the foremost concerns around the globe. The cyber security enables protection from attacks such as unauthorized access, hacking, instillation of codes such as virus and other threats.