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UAE Cybersecurity Insurance Reaches $70M
The Cybersecurity Council of the UAE announced that the national cybersecurity insurance market has reached approximately $70 million, due to the rising number of cyberattacks and the rapid pace of digital transformation. It indicated that the sector is gaining increasing importance, as insurance policies cover costs related to data protection and recovery, and it is considered an essential part of risk management for 80% of organizations. Growth is expected to continue, driven by rising demand for insurance and the increasing sophistication of attacks, emphasizing the need to incorporate insurance into a comprehensive protection system that includes prevention and response.
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