In the past five years, that has come at a steep price: according to one study, the global cybersecurity market saw premiums double between 2018 and 2023, and those premiums are expected reach $29 billion by 2027.[1] But you don’t have to be a hostage to rising premiums. You can safeguard your company’s data, clients, and future and slash your cyber insurance premiums at the same time with one simple move: hire a cybersecurity firm.