cyber insurance rates

Cyber Insurance Pays Back Only App. 60% of Ransomware Costs & Then Rates Go Up

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There’s grim news in a new survey from cloud vendor Cloudian and Sapio Research: Cyber insurance only pays about 60% of costs from ransomware attacks — and paying ransoms often does not result in the return of most data. Most companies see their cyber insurance rates climb some 25% after a ransomware attack. Get the … Read more

Cyber Insurance Rates Climb While Coverage Declines

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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

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