Most startups have cyber insurance but are uncertain about how much risk is covered

Despite the significant economic headwinds startups currently face – from a challenging fundraising landscape to inflation woes and difficult operational decisions – company founders remain pointedly focused on advancing their cybersecurity protections now and moving forward, according to Embroker.

Cybersecurity threats, concerns on the rise

Notably, survey results reveal that more than 68% of founders have experienced a cyber attack on one of their businesses – which may address why 86% of founders surveyed already have some cyber insurance protections in place.

What’s more, they aren’t satisfied with their current level of protection – as 71% are considering additional cyber protections and tools for 2023. This further reiterates startups’ growing sense of urgency in curbing and managing their cyber vulnerabilities.

Reprinted with permission from Help Net Security. Copyright Help Net Security. All rights reserved.
Written by Help Net Security, 2022
Source: https://www.helpnetsecurity.com/2022/12/12/startups-cyber-insurance/