This infographic explains cyber insurance, which helps businesses guard against the financial impact of cyberattacks. The global cyber insurance market is projected to reach \$22B by 2025, yet only 19% of companies have a policy. Ransomware is the top cause of claims, making up 99% of cyber incidents. First-party insurance covers losses like theft, data restoration, extortion, and business interruption, while third-party insurance protects businesses like MSPs from liability, legal fees, and fines. Tech errors and omissions coverage also shields companies from losses due to mistakes in services provided.

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