South Ossetia's cybersecurity insurance market has grown steadily, with an estimated 1,200 policies issued by 2026. The average coverage per policy has increased to $50,000, reflecting heightened awareness of cyber risks among local businesses. The total market value now stands at approximately $60 million, indicating a significant investment in digital security infrastructure amid rising cyber threats.
Despite the growth, only about 35% of businesses have adopted cybersecurity insurance, showing room for increased adoption. The average breach cost has also risen to $15,000, underscoring the importance of comprehensive coverage. Continued digital transformation in South Ossetia necessitates expanding cybersecurity protections and educating businesses on cyber risk management to mitigate financial impacts.