Geographically, the maximum number of cyber-attacks has been seen in North-
America in 2014. Total number of 7,501 cyber-attacks has been registered in the
U.S. only while 245 cyber-attacks including digital and data breach has been
registered in Canada in 2014. Increasing number of cyber-attacks in North-
America region and growing awareness towards cyber liability insurance are
some of the major factors which are expected to foster the market growth of this
region. North-America accounted the largest market share in cyber liability
insurance market across the globe in 2015 and is expected to maintain its
dominance over the forecast period i.e. 2016-2023.
Increasing Cyber Attacks across the Globe
On the other hand, Europe is expected to be the second largest region present
with highest number of cyber-attacks. Rising business activities and adoption of
web based services across the Europe region is also increasing the risk of privacy
violations and theft of personal information. In order to minimize the cyber-
attacks and to prevent the confidential and personal information, enterprises are
shifting towards cyber liability insurance services.
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