Business TREND. Cyber Insurance Growth Estimates.

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September 10, 2018

German reinsurance giant Munich Re estiamtes cybcer insurance market will:

double by 2020 to over 8 billion dollars
corporate spending will be $3.4-$4 billion (3-3.4 billion euros) in 2017
corporate spending will be up to $8-$9 billion by 2020
economic costs of large-scale cyber attacks already exceeds losses caused by natural disasters

PHYS.ORG | Cyber insurance market to double by 2020, says Munich Re