Adoption of Cyber Insurance in Malaysian Organisations

As businesses have embraced more and technology, cyber risk has become one of the essential components a management initiative that seeks to mitigate analyze multitude new risks. One mitigation process is investing in insurance safeguard organisations’ assets from threats by transferring them insurer. For decide on insurance, choosing right plan policy crucial. To do so, they need consider factors its implementation. Therefore, this paper aims investigate adoption Malaysian organisations, thus further exploring organisations' perceptions adopting insurance. A qualitative study conducted understand describe needs, obstacles, processes related interviewing cybersecurity professionals personnel explore valuable insight into existing knowledge. 30% respondents adopted While 40% were unsure, other did not adopt their organisation respectively. These insights include among which might be crucial for informing future research practice industry. The novelty overview knowledge gaps organisations. Also, advantages relevant obstacles influence decision makers