Cyber crimes are increasing, but those with cyber insurance are not

Breaches at most companies never make the news. In 2018, there were 1,244 data breaches in the U.S., according to Statista, and each one took an average of 197 days to detect, IBM said. Security firm Symantec estimates that 4,800 websites each month are injected with “formjacking” code, which cybercriminals use to steal personal information.
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