The increasing frequency and severity of cyberattacks has companies on edge as they work to cope with a changing business environment. (Photo: iStock)

Cyberattacks can come with a high cost, and the current dedicated cyber-insurance market isn’t large, but that doesn’t mean that the challenge is too tough to conquer. However, governments may need to involve themselves in some of the solutions.

That’s the conclusion of the Swiss Re Institute, which has launched with a report examining cyber risk, the toll it takes on businesses and the difficulties it presents to the cyber-insurance market.

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