With rising demand and dangerous third-party risks, cyber insurance carriers are scrutinizing enterprises’ security postures to the point of limiting or denying coverage based on the presence of specific technologies. Cyber insurance premiums and payouts have risen significantly over the past three years as attack surfaces and adversary techniques have expanded. Customers must comply with… Continue reading Companies Can Control Cyber Costs with Product and Technology Risk Selection
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Ransomware Claims Are Roiling an Entire Segment of the Insurance Industry
The recent surge of ransomware attacks is upending the cyber insurance industry, pushing up the requirements and cost of coverage just as more companies need it. Ransomware attacks — in which cybercriminals take over an organization’s computer network and demand a payment to hand back control — have increased in frequency and severity over the… Continue reading Ransomware Claims Are Roiling an Entire Segment of the Insurance Industry