Bangladesh's cybersecurity insurance market is rapidly expanding, with over 1.2 million policies in place by 2026. The average premium remains affordable at $150, encouraging more small and medium enterprises to secure their digital assets. Despite growth, only about 35% of businesses have cybersecurity coverage, indicating room for increased adoption to mitigate rising cyber threats.
Cybersecurity breaches continue to pose significant risks, costing Bangladesh an estimated $1.2 billion annually. The country faces approximately 45,000 reported cyberattacks each year, emphasizing the urgent need for enhanced cybersecurity infrastructure and insurance coverage. Strengthening policies and awareness campaigns can help reduce vulnerabilities and economic losses in the future.