These days, the definition of cyber insurance has changed drastically and companies have understood how beneficial cyber insurance is for their businesses. A research was conducted by Cowbell cyber and according to the study, nearly 65% of small and medium-sized businesses (SMEs) are planning to spend more money on cyber insurance as part of their cyber resilience plan in the next two years. Nowadays, cybercriminals have become more conscious and are employing newer approaches to create havoc on the victims. As cyber insurance is flourishing day by day, industries have
Data breach and cyber crimes are getting too common in today’s world. Although the digital infrastructure in Australia is mostly owned by the private sector, the government also shares some responsibility in maintaining cyber security. Cyber insurance is getting common for all sorts of organisations to prevent the susceptibility of being hacked. Did you know that about 55% of the small businesses in Australia have experienced a data breach and 53% of them had been affected by multiple such breaches. What is the role of the government in cyber security?
