cyber insurance

Ransomware attacks pummeling cyber insurance industry

Have you experienced sticker shock with your cyber insurance renewal? Been unable to complete an insurer’s security questionnaire? Even been denied renewal of your policy? All this is happening as insurers stagger under the weight of growing ransomware claims. Ransomware attacks are soaring. Last year, reported ransomware attacks increased 400 percent, according to the Associated …

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Renewing your cyber insurance in 2021? Do your homework

Executives are increasing their cyber insurance coverage after watching the growing number of ransomware reports, business email compromise, and other cyberattacks. But cyber insurance remains a challenging product for insurers and customers alike. Actuarial data is still evolving. Several sources report buyers should expect price increases, especially with many people still working at home, away …

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