With cybersecurity threat vectors evolving every day and with attackers employing a more innovative and unpredictable approach through combining various types of attack, it’s no surprise that the global cyber insurance market is expected to grow from a worth of $7bn in gross written premiums (GWP) in 2020 to $20.6bn by 2025, according to GlobalData. In this Help Net Security video, Manoj Bhatt, Head of Security and Advisory at Telstra Purple, discusses how with increasing product complexity and compliance requirements, ever-rising product premiums, and access to cover restricted for many organizations, many security teams are questioning the value of cover in the first place.

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