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Cyber Insurance Market: Forecasting Demand for Small and Medium Enterprises (SMEs)

As cyber threats rise, Small and Medium Enterprises (SMEs) are increasingly recognizing the importance of cyber insurance to safeguard their operations. Historically slow to adopt, SMEs are now more aware of the financial impact of cyberattacks, driving demand for cyber insurance.

Several factors are fueling this demand:

Rising cyberattacks on SMEs, including ransomware and data breaches.

Increased regulatory pressures for data protection (e.g., GDPR, CCPA).

Affordable and accessible coverage tailored for small businesses.

Digital transformation leading to greater exposure to cyber risks.
learn more:-https://www.pristinemarketinsi....ghts.com/cyber-insur

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