Insurance is all about managing some kind of perceived risk. When you buy health insurance, you’re managing the risk of getting sick. When you buy car insurance, you’re managing the risk of having an accident. Cyber insurance is no different: when you buy cyber insurance, you’re managing the risk of a cybersecurity-related incident.
But there is a question buried in there: how much insurance do you need? You are not the only one to wonder about this: insurance companies ask themselves this question constantly, because it ultimately makes all the difference.
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