“60% of (SMBs) fold within the first year after having a privacy incident when they don’t carry cyber insurance,” said Allianz’s Jenny Soubra, in an interview with TechRepublic.

https://www.techrepublic.com/article/why-cyberinsurance-can-help-businesses-survive-after-an-attack-or-data-breach/#ftag=RSS56d97e7