Demand for Cyber Insurance Growing as a Result of Industry 4.0

The fourth industrial revolution is set to increase the interconnection of machines, humans and digital systems, and expanding digitalisation is projected to impact the growing number of cyber breaches. Cyber insurance is growing as a result, with the US being the largest market for cyber insurance. It's expected that insurers that will offer financial cover will most likely add cyber insurance as part of their services over the upcoming years.