Kathmandu. As the global digital threat environment evolves, the need for cyber insurance is increasing.

According to market projections from Tom Pelham, global head of cyber and data at Kennedy, and Aaron Roberts, partner, the need for cyber insurance is expected to increase under pressure from large corporate customers as the digital threat environment becomes more volatile and challenging. In a recent report, insurance company executives have mentioned 5 predictions. Which explains how cyber threats will grow, who will be targeted, and how corporate boards will eventually be forced to pay attention.

This has highlighted the importance of cyber insurance. Smaller companies within the supply chain are also expected to purchase cyber insurance as part of the tendering process.

According to the report, this rapid increase in demand and change in thinking has increased the importance of cyber insurance. According to Pelham and Roberts, cyber insurance will become the primary weapon for digital threats in supply chains. They will quickly penetrate larger companies by targeting smaller and less secure suppliers.