Cyberinsurance Policy: Rethinking Risk in an Age of Ransomware, Computer Fraud, Data Breaches, and Cyberattacks

The world is increasingly getting interconnected with the digital realm. Simply put, the boundary between the physical and digital worlds is becoming less distinct, and the world is steadily progressing towards a future that relies heavily on data. Technology companies are harnessing the vast data flow to offer their users seamless experiences. However, these very users are equally concerned about their privacy and personal data security, primarily due to the rising data breaches orchestrated by malicious actors worldwide. The fear of their personal information being exposed in such breaches and the emergence of new threats have prompted people to urge policymakers and regulators to address their concerns by implementing data protection policies and legislations across the globe.