Australia Cyber Insurance Market
Cyberattacks cost Australian businesses $71,600 on average
Cyberattacks cost Australian businesses $71,600 on average
74% of Australians identify data breaches as a major privacy risk.
Actuaries Institute stresses need for SME cyber defenses
Large corporations reinforced cybersecurity, whilst many SMEs remain behind.
ICA calls for major overhaul of Australia's cyber insurance market
The group highlights challenges to maintaining and developing a cyber insurance market.
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Ageing populations and rising mortality main concerns for life insurers and reinsurers