target audience: TECH SUPPLIER  Publication date: Jun 2023 - Document type: IDC Survey Spotlight - Doc  Document number: # US50832822

Why Have Some Organizations Waited So Long to Have Cyberinsurance?

By:  Philip D. Harris, CISSP, CCSK Loading

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Abstract


This IDC Survey Spotlight highlights the trends of cyberinsurance acquisition by organizations.

In a recent IDC survey regarding trends of the security operations centers in the market, the following trends emerged:

  • Cyberinsurance acquisition by organizations is a relatively recent acquisition by organizations.
  • Organizations with 500–999 employees have had cyberinsurance the longest.
  • The overwhelming majority of organizations have had cyberinsurance between 1 year and 10 years.


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