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 … Read more

Do I Already Have Cyber Security Insurance? If You Have to Ask, the Answer is Probably “No.”

by

Cyber insurance — also called cyber security insurance, cyber liability insurance, cyber risk insurance, and data security insurance, among other terms — is an insurance product used to protect businesses from Internet-based risks, and more generally from risks relating to information technology infrastructure and activities. Risks of this nature are typically excluded from traditional commercial … Read more

×