The cyber insurance gap: Why boards must prepare for the financial fallout of an attack
For most of the past decade, boards asked their technology leaders a single question about cyber risk: Are we secure? The reality is that there is no definitive answer, because no organisation can ever be entirely secure.
Today, a more pertinent question is finding its way into boardrooms, audit committees and risk discussions: If we are attacked tomorrow, who pays, how much and how quickly? For generations, boards have addressed these questions for risks such as fire, flood and cargo losses through their general insurance programmes. Yet when it comes to cyber risk, many organisations are confronting this challenge for the first time
What a breach costs today
The average cost of a data breach in India has risen to ₹25.5 crore, according to IBM’s Cost of a Data Breach Report 2026 released in August. This is the highest average breach cost ever observed in the country, representing a 15.9%...
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