Cyber Insurance Rates Climb While Coverage Declines

by

The U.S. cyber insurance industry is now teetering on the edge of profitability, upended by a more than 400 per cent rise last year in ransomware cases and skyrocketing extortion demands. As a percentage of premiums collected, cyber insurance payouts now top 70 per cent, the break-even point…” Source: Cyber insurance rates likely to rise amid escalating ransomware attacks – Canadian Underwriter

Mark Sauter

Mark Sauter’s insights on the financial, policy and security elements of cyber insurance are based on years of experience in the investment banking, media and business worlds. Co-author of the McGraw Hill university textbook “Homeland Security: a Complete Guide,” Sauter was also a consultant to one of the world’s largest software companies and served as a US Army Special Forces and infantry officer.

See also  Cyber Insurance Goes from "Hard to Sell" to "Hard to Buy" -- What Happens When We Reach Cyber Insurance 3.0? 
×