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In today's interconnected world, businesses face an unprecedented wave of cyber threats, both in frequency and complexity. The rise in cyber attacks has given birth to an urgent need for robust cybersecurity measures. This need is further emphasized by the substantial costs involved in mitigating these threats, especially for small businesses, and the evolving regulatory landscape that mandates stringent cybersecurity protocols. To navigate these challenges effectively, companies of all sizes are turning to cybersecurity insurance as a strategic imperative.