Rising importance of cyber insurance in the digital age

In today’s hyper-connected world, where mobile and internet banking, social media, and e-commerce dominate our daily lives, the need for robust cyber insurance has never been more critical. As we spend significant amounts of time online, the volume of personal data generated, transmitted, and stored on various digital devices continues to grow exponentially. This surge in data, coupled with the complexity of the systems that support its transmission, has created a myriad of cyber risks. Individuals are increasingly exposed to threats such as identity theft, cyber extortion, theft of funds, and online shopping fraud, all of which can have devastating financial and emotional consequences.