To Cover or Not to Cover: The Cyber Liability Insurance Quandary Facing Small- and Medium-Sized Businesses
Duo's Security Blog
DECEMBER 7, 2022
In fact, according to Spiceworks , ‘due to budget constraints, about 30% of small and medium-sized businesses (SMBs) discontinued their cyber insurance contracts in 2021’. Security Magazine reports less than 10% of companies with fewer than 50 employees have dedicated financial resources for cybersecurity.
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