NAM Cyber Cover - Beware of Potential Cyber Coverage Pitfalls

In 2021, the FBI received about 850,000 reports of cybercrime with losses surpassing the $6.9 billion mark in the United States alone. Globally, losses in 2021 were about $6 trillion, and this number is estimated to grow to $7 trillion in 2022. With cyber threats and losses surging year over year, it is no wonder why more businesses are turning to cyber insurance for financial protection from these events.