Zero Trust Security Reduces Cyber Insurance Claims, Preventing up to $465 Billion Annually in Global Economic Loss from Cyber Attacks

Core Insights - The implementation of a zero trust architecture could potentially reduce global annual economic losses from cyber incidents by up to $465 billion, representing a reduction of up to 31% in overall cyber losses [1][8] - North America has experienced significantly more cyber incidents compared to Europe, with nearly four times the number of incidents, yet a higher percentage of European incidents (41%) could have been mitigated by zero trust compared to North America (31%) [2] - The rise in ransomware incidents, which increased by 126% in one year, has heightened the proportion of events that zero trust could have mitigated globally [3] Company Insights - Zscaler's Risk360 service provides organizations with a comprehensive cyber risk profile, enabling them to quantify business risk and potentially receive more favorable cyber insurance policies [5][6] - The Zscaler Zero Trust Exchange platform is designed to protect users, devices, and applications from cyberattacks, leveraging a large network of over 160 data centers globally [9] Industry Insights - The report emphasizes the importance of zero trust as a fundamental cybersecurity control that enhances cyber hygiene and reduces risk exposure by requiring continuous verification of users, applications, and devices [4] - Companies with over $1 billion in annual revenue are identified as standing to benefit the most from zero trust implementation, with 60% of attacks deemed mitigable [3]