CYBER INSURANCE
■ Cybercrimes have gone up from 9,622 in 2014 to 12,317 in 2016 in India, and further to 27,482 between January and June 2017
■ Cost of cybercrime globally to increase from $500 billion to $2 trillion by 2019
■ Small and medium enterprises (SMEs) lost $879,582 on average due to data breaches and asset theft
■ On average SMEs globally spend $955,429 to restore normal business after an attack
■ Cyber insurance spending to go up from $2.5 billion in 2016 to $7.5 billion by 2020 worldwide
■ Size of cyber insurance premiums in India to double to ~4 billion in the next fewyears Sources: IDEF, PwC, Reuters, Bloomberg