This report delves into the depths of cyber risk management, unearthing the critical coverage gaps that threaten organizational stability in the wake of cyberattacks. In an era where digital threats loom larger than ever, businesses are increasingly turning to cyber insurance as a safeguard against the financial ravages of data breaches. Yet CYE’s study leveraging external and internal datasets reveals a stark reality: the protection afforded by such insurance may fall significantly short of the actual costs incurred during cyber incidents.