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Google Is Partnering with Cyber Insurance Giants
Article

Google Is Partnering with Cyber Insurance Giants

Here’s What It Means for the Future of Cloud Security and Insurance

CB Insights, 2021


Editorial Rating

9

Qualities

  • Analytical
  • Overview
  • Hot Topic

Recommendation

News of data breaches, security hacks and compromised personal information are showing up like clockwork, suggesting a frightening new truth: It’s no longer a question of if a company will face a data breach, but when. As information becomes more valuable and those who would steal that information become more resourceful, cybersecurity is more important than ever. But what if it’s not enough? This report from CB Insights suggests that cybersecurity paired with cyber insurance is the only way to give companies peace of mind.

Take-Aways

  • Companies have traditionally focused on cybersecurity, but spending on cyber insurance is on the rise.
  • Google is now offering cyber insurance to its bigger Cloud customers via Munich Re and Allianz.
  • Cyber insurance is relatively new, but there is enormous potential for growth.

About the Author

CB Insights is a technology insights platform that analyzes markets, business relationships, growth, competition and innovation.