Cyber insurance direct written premiums in the U.S. 2015-2023, by type
The value of stand-alone cyber insurance premiums stood at nearly five billion U.S. dollars in 2023. This segment experienced rapid growth in 2022 when premiums amounted to 5.1 billion U.S. dollars, up from 3.1 billion U.S. dollars in the previous year. TheĀ average cost of a data breach varies across industries, though the healthcare and financial sectors have suffered the most expensive data breaches on average.