Magazine date:
Jul 2020 
According to Standard & Poor's, the cyber risk market could grow annually by an estimated average of 20-30% over the next 10 years.
The recourse to remote working that has become widespread due to the Covid-19 crisis is increasingly exposing small and medium-sized enterprises (SMEs) to this emerging risk. These enterprises will be the most important growth generator in the cyber insurance market [4].
The agency believes that malicious attacks cost companies more than 700 billion USD per year while the insured damages are merely estimated at 5 billion USD.
Read also | Cyber attacks in 2022 [5]