The rising threat of cyber incidents and the importance of cyber insurance
Source: Middle East Insurance Review | Aug 2024
Businesses worldwide are increasingly contending with cyber threats, which have emerged as one of the most substantial risks in the modern digital landscape. The World Economic Forum’s Global Cybersecurity Outlook for this year reveals a 30% reduction in the number of organisations maintaining minimum viable cyber resilience. In the Middle East, cyber attacks have been identified as the second most pressing risk, as highlighted in a report by Clyde & Co., says ACE Gallagher Holding’s Ms Yolla El-Khoury.
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