Cyber Insurance Salaries: Cyber Insurance Professionals Earn 40% More than the Rest of the Industry
Soaring demand for cyber insurance professionals, coupled with a severe talent shortage across the sector and a growth of employment opportunities, has resulted in a significant pay rise.
Demand for Cyber Insurance is Up
As a result of increased technological adoption in modern-day lives, the cyber insurance market has seen tremendous growth in recent years. Businesses are now waking up to the reality of a cyber attack and are reeling from both the direct losses and indirect costs of business interruption, expert advice, and any third-party claims that may arise. It is, therefore, no surprise that the cyber insurance market has a predicted CAGR of 25.3% between 2021 to 2028, and is expected to grow in global value from $7.6 billion in 2021 to $36.85 billion in 2028.
You can find out more about the growth of this sector here.
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