“’Unfortunately, the adversarial community, the hacking community, they don’t care,’ (Coalition Head of Insurance Shawn Ram) added. ‘Companies may elect to provide less resources toward cyber-related security and controls. The opportunity for adversaries to take advantage of that increases, so what we have seen is an increased demand and increased desire for cybersecurity.’”
Some investors appear to agree, as Coalition just raised $250 million in a Series E funding round on a $5 billion valuation.
Source: Coalition: Ransomware, Recession Fears Drive Cyber Insurance – SDxCentral