Revolutionize Fintech Security with This Insane Insurance Strategy
The Role of Insurance in Fintech Security
Traditional insurance models are often insufficient for the unique risks faced by fintech companies. However, a new wave of specialized insurance strategies is emerging, designed specifically to address these challenges. Cyber insurance, for instance, is tailored to cover losses from data breaches, network failures, and other cyber incidents. According to PwC, the global cyber insurance market is expected to reach $20 billion by 20252. This growth highlights the increasing reliance on insurance as a critical component of fintech security strategies.