Blockchain Press Releases

Cyber Insurance Market size worth $ 68.17 Billion, Globally, by 2030 at 24.1% CAGR: Verified Market Research®

Published

1 year ago

July 27, 2023

The “Global Cyber Insurance Market Size By Deployment Model, By Service Type, By Organization Size, By Application, By Geographic Scope And Forecast” report has been published by Verified Market Research®. The report provides an in-depth analysis of the global Cyber Insurance Market, including its growth prospects, market trends, and market challenges.

JERSEY CITY, N.J., July 27, 2023 /PRNewswire/ — The Global Cyber Insurance Market is projected to grow at a CAGR of 24.1% from 2022 to 2030, according to a new report published by Verified Market Research®. The report reveals that the market was valued at USD 9.35 Billion in 2021 and is expected to reach USD 68.17 Billion by the end of the forecast period.

Download PDF Brochure: https://www.verifiedmarketresearch.com/download-sample?rid=80249

Browse in-depth TOC on “Cyber Insurance Market“
202 – Pages
126 – Tables
37 – Figures

Cyber Insurance Market: Growth Drivers, Challenges, and Global Impact

The Cyber Insurance Industry offers insurance for first-party damages as well as third-party claims for businesses dealing with cyber-related security breaches or comparable occurrences. This insurance intends to cover expenses related to recovering from internet-based cyber damages, including indemnity from data breach-related legal actions, loss of privacy, and network security breaches. Rising cyberattacks pose a severe threat to people, businesses, and nations, which is why more people are using cyber insurance solutions.

Due to mandated cybersecurity laws and data protection legislation, there has been an increase in demand for cyber insurance. Globally, governments and law enforcement organizations have taken steps to improve data security. The COVID-19 epidemic has highlighted the importance of cyber insurance coverage even more, with some regions requiring state contractors handling regulated personal information to obtain cyber insurance.

Insurance companies are increasingly focusing on cyber insurance measures due to a number of data privacy laws, including the General Data Protection Regulation (GDPR) of the European Union and the US’s Personally Identifiable Information (PII) and Health Insurance Portability and Accountability Act (HIPAA).

Future adoption of the cyber insurance market is anticipated to be fueled by the growth in cyberattacks during the pandemic and rising digitization. Businesses are becoming more conscious of the potential business disruption risks associated with cyberspace, and different sectors, like banking and healthcare, are seeing an increase in the number of obligatory data security rules, which is further driving market expansion.

The increased cost of cyber insurance, however, is a significant barrier to the market’s expansion. Due to ransomware assaults in recent years, insurance companies have had to pay out hefty claims. The expense of retrieving infected systems is substantial, despite the fact that certain cyber insurance coverage do not cover ransom payments. Because of this, cyber insurance providers are raising the cost of coverage to account for new services like negotiating with hackers and helping with data recovery from ransomware attacks. Due to this, businesses now place a higher priority on enhancing cybersecurity safeguards than raising insurance rates.

Due to the significant need for security solutions in the region, North America now owns the largest share of the global market for cyber security software. The region’s need for cyber insurance is influenced by the presence of major international corporate headquarters and offices in North America. The region’s cyber security software market is expanding as a result of strict government rules requiring security measures for data protection.

The “Global Cyber Insurance Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are IBM Corporation, Sophos, Trend Micro, Cisco Systems, HPE, Fortinet, Check Point Software Technologies Ltd., Juniper Networks, Inc, Symantec Corporation.

To get market data, market insights, financial statements and a comprehensive analysis of the Global Cyber Insurance Market, please Contact Verified Market Research®.

Based on the research, Verified Market Research® has segmented the global Cyber Insurance Market into Deployment Model, Service Type, Organization Size, Application, And Geography.

Cyber Insurance Market, by Deployment Model

Cloud-based
On-premise

Cyber Insurance Market, by Service Type

Wireless security
Application security
Network security
Endpoint security
Others

Cyber Insurance Market, by Organization Size

Large Companies
Small and Medium Businesses

Cyber Insurance Market, by Application

Government
IT and Telecommunications
Banking, Financial Services, and Insurance (BFSI)
Retail
Healthcare
Aerospace and Defense
Manufacturing
Others

Cyber Insurance Market, by Geography

North America

U.S
Canada
Mexico

Europe

Germany
France
U.K
Rest of Europe

Asia Pacific

China
Japan
India
Rest of Asia Pacific

ROW

Middle East & Africa
Latin America

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Visualize Cyber Insurance Market using Verified Market Intelligence -:

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VMI provides a holistic overview and global competitive landscape with respect to Region, Country, Segment, and Key players of your market. Present your Market Report & findings with an inbuilt presentation feature saving over 70% of your time and resources for Investor, Sales & Marketing, R&D, and Product Development pitches. VMI enables data delivery In Excel and Interactive PDF formats with over 15+ Key Market Indicators for your market.

About Us

Verified Market Research® is a leading Global Research and Consulting firm servicing over 5000+ customers. Verified Market Research® provides advanced analytical research solutions while offering information-enriched research studies. We offer insight into strategic and growth analyses, Data necessary to achieve corporate goals and critical revenue decisions.

Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance use industrial techniques to collect and analyze data on more than 15,000 high impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise and years of collective experience to produce informative and accurate research.

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Blockchain Press Releases

Bybit: A Global Favorite Among Full-Time and Professional Traders and the World’s Second-most popular Crypto Exchange

Published

8 hours ago

January 17, 2025

CISION (PR Newswire)

bybit:-a-global-favorite-among-full-time-and-professional-traders-and-the-world’s-second-most-popular-crypto-exchange

DUBAI, UAE, Jan. 17, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has been recognized as the second most popular cryptocurrency exchange globally, according to the latest report from CryptoQuant. The “2024 Crypto Survey: Exchange Use and Investor Behavior” underscores Bybit’s unmatched appeal to professional traders, commitment to security, and innovative offerings that cater to a diverse, global user base.

Bybit’s platform has become a hub for full-time traders, with 52% of surveyed users identifying as professionals—outperforming rivals OKX (38%) and Binance (37%). This success is supported by initiatives like the Bybit Broker Program, which has onboarded over 700 new clients in 2024, raising the total to 1,500 institutional clients. Additionally, Bybit’s Unified Trading Account (UTA) simplifies trading by centralizing spot, futures, and options activities in one seamless interface. Supporting over 70 cryptocurrencies as collateral, this system empowers traders to maximize their capital efficiency by using unrealized profits as margin across various products. UTA’s role in managing 99% of the platform’s trading volume showcases its importance to Bybit’s ecosystem.

Furthermore, Bybit’s integration of MetaTrader 5 allows users to diversify into traditional markets, such as Gold and FX, using USDT, marking another step forward in meeting the needs of professional traders.

Bybit’s global popularity spans regions including Africa, South America, the Middle East, Asia, Europe, and Oceania, where it maintains a dominant presence. Even as the exchange strategically exits certain jurisdictions to comply with regulatory requirements, Bybit’s adherence to a compliance-first approach ensures sustainable growth in markets with clear regulatory frameworks. This adaptability has strengthened Bybit’s position as a trusted and reliable global platform.

The report also acknowledges Bybit’s excellence in security, customer service, and P2P trading, where it ranks as the third-best exchange globally. These accolades reflect Bybit’s dedication to delivering a secure, user-focused experience that builds trust and loyalty within its growing community.

Joan Han, Sales & Marketing Director at Bybit, shared:
“This achievement reflects our team’s unwavering dedication and commitment to delivering a world-class trading experience. We actively listen to our clients’ requests and continuously improve our tools to ensure a smoother trading journey. Our ability to adapt and thrive in diverse markets speaks to the strength of our vision and our focus on fostering a secure, accessible, and professional crypto ecosystem. As we continue to innovate and grow, we remain dedicated to empowering traders worldwide with the tools and trust they need to succeed.”

#Bybit / #TheCryptoArk

About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For updates, please follow: Bybit’s Communities and Social Media

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View original content:https://www.prnewswire.co.uk/news-releases/bybit-a-global-favorite-among-full-time-and-professional-traders-and-the-worlds-second-most-popular-crypto-exchange-302354197.html

Blockchain Press Releases

Golfin to Showcase Web3 Innovation at ‘Web3 Hub Davos 2025’

Published

9 hours ago

January 17, 2025

CISION (PR Newswire)

golfin-to-showcase-web3-innovation-at-‘web3-hub-davos-2025’

TOKYO, Jan. 17, 2025 /PRNewswire/ — GOLFIN, the pioneering Web3-based Golf2Earn platform, has been announced as the official sponsor of Web3 Hub Davos 2025. The event, taking place from January 20–23, 2025, in Davos, Switzerland, runs alongside the World Economic Forum’s Annual Meeting and will highlight the latest advancements in Web3, blockchain, and decentralized technologies across industries. Golfin is set to showcase how Web3 technology is reshaping the future of golf.

Golfin’s Key Highlights at Web3 Hub Davos 2025:

Exclusive Presentation: Golfin’s founder Ken Komatsu and strategic advisor John Kojiro Moriwaka will present “How the Web3 Golf Game ‘Golfin’ Will Shape the Future of the Web3 Movement” on January 22, 2025, from 17:53 to 18:03 local time.
Innovative Technology Integration: Golfin’s combination of NFTs and GPS technology allows players to create a seamless link between real-world and digital golf experiences.
Industry Impact: Golfin aims to modernize the golf industry while addressing global economic disparities by building ecosystem that merges sports, entertainment, and blockchain technology
Global Partnerships: Golfin has formed strategic partnerships with leading organizations, including the ZOZO Championship and Seibu Group, to expand its reach and integrate real-world golf experiences with digital rewards.

Golfin’s Approach to Web3 Golf:

Enhancing Golf Through Innovation: Golfin revolutionizes the golf experience by allowing players to earn points through real-world gameplay on verified golf courses. These points can be used to enhance their digital gameplay, creating a seamless connection between physical activity and in-game progression. Additionally, players can collect exclusive in-game items and trade NFTs, adding value and depth to both their golfing and gaming experiences.

Vision for the Future:

Golfin is committed to transforming the traditional golf industry by integrating Web3 technology to create a more immersive and accessible golfing experience. By fostering strategic partnerships and engaging global decision-makers, Golfin plans to expand its ecosystem and drive innovation in both the sports and blockchain sectors.

About Golfin GPS: The Golfin GPS app connects real golf with digital gameplay. Players earn points while playing at certified golf courses.

For More Information: golfin.io & web3hubdavos.com .

Join the Movement: Stay updated and join Golfin’s Web3 revolution by visiting the official website or following on Twitter (JP), Twitter (Global), Discord, Instagram, & Linktree.

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View original content:https://www.prnewswire.co.uk/news-releases/golfin-to-showcase-web3-innovation-at-web3-hub-davos-2025-302354177.html

Blockchain

Blocks & Headlines: Today in Blockchain

Published

1 day ago

January 16, 2025

Peter Tolan

Blockchain technology continues to expand its reach, influencing industries far beyond its origins in cryptocurrency. From strategic collaborations to emerging trends, today’s briefing explores key developments shaping the blockchain ecosystem. Here’s the latest.

Blockchain Lobby Groups Unite for Crypto-Friendly Advocacy

In a landmark move, eight major blockchain lobby groups in the U.S. have joined forces to push for crypto-friendly policies under the new administration. With a regulatory climate expected to favor innovation in blockchain and cryptocurrency, these organizations aim to present a unified voice to influence legislation and public discourse.

The coalition’s agenda focuses on fostering technological adoption, ensuring consumer protection, and clarifying taxation policies. This collaboration highlights the growing recognition of blockchain’s potential to drive economic transformation while addressing concerns about regulation.

Source: CoinDesk

Five Underrated Layer-1 Blockchain Tokens to Watch in 2025

As competition among blockchain platforms intensifies, several Layer-1 blockchain tokens are poised to gain significant traction this year. Analysts spotlight projects that prioritize scalability, interoperability, and developer engagement as ones to watch.

While giants like Ethereum and Solana dominate headlines, emerging players are carving out niches in sectors like decentralized finance (DeFi), gaming, and supply chain solutions. These tokens underscore the innovation flourishing within the Layer-1 ecosystem.

Source: The Crypto Basic

AI and Blockchain Drive Innovation in Mining Industry

The integration of AI and blockchain technologies is revolutionizing the mining sector. Blockchain’s immutable ledger capabilities ensure transparency in supply chain operations, while AI optimizes resource extraction and predictive maintenance.

Together, these technologies address critical challenges such as environmental impact and operational inefficiency. As sustainability takes center stage, the mining industry’s adoption of blockchain and AI represents a significant leap forward.

Source: Mining Technology

The Rapid Rise of Blockchain Mini-Games

Blockchain-powered mini-games are capturing the attention of developers and players alike, thanks to their innovative use of tokenization and play-to-earn models. These games—smaller in scope but high in engagement—offer players real ownership of in-game assets and a chance to earn rewards.

The trend’s popularity stems from its low barrier to entry and appeal to casual gamers, signaling a shift in the gaming landscape. As blockchain gaming continues to evolve, mini-games are emerging as a powerful gateway to mainstream adoption.

Source: Crypto Times

Bybit and SignalPlus Announce $100,000 USDC Global Trading Showdown

Bybit and SignalPlus have teamed up to launch a global trading competition with a $100,000 USDC prize pool. The event aims to showcase advanced trading strategies while fostering community engagement within the crypto trading ecosystem.

Participants will compete across multiple trading challenges, highlighting the growing sophistication of crypto markets. This collaboration underscores the role of competitions in promoting market education and innovation.

Source: PR Newswire

The post Blocks & Headlines: Today in Blockchain appeared first on News, Events, Advertising Options.

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