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With cyber insurance costs increasing, can smaller firms avoid getting priced out?

Cyber insurance is quickly becoming an unavoidable part of doing business as more organizations accept the inevitability of cyber risk. There is a growing awareness of the …

Businesses expect the government to increase its financial assistance for all ransomware incidents

Businesses are increasingly concerned about how they will meet ransomware demands. Only 19 percent of those surveyed have ransomware coverage limits above $600,000, while over …

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Organizations are losing cyber insurance as an important risk management tool

The number of organizations that will be either unable to afford cyber insurance, be declined cover, or experience significant coverage limitations is set to double in 2023, …

ransomware payments
Organizations would like the government to help with ransomware demand costs

Businesses are increasingly concerned about how they will meet ransomware demands. Only 19 percent of those surveyed have ransomware coverage limits above $600,000, while over …

cyber insurance
As the cost of cyber insurance rises, the number of organizations who can’t afford it is set to double

The number of organizations that will be either unable to afford cyber insurance, be declined cover, or experience significant coverage limitations is set to double in 2023, …

Jonathan Reiber
Cyberattack prevention is cost-effective, so why aren’t businesses investing to protect?

Cyberattacks like ransomware, BEC scams and data breaches are some of the key issues businesses are facing today, but despite the number of high-profile incidents, many …

cyber insurance
Ransomware looms large over the cyber insurance industry

A Panaseer survey of global insurers across the UK and US found that 82% are expecting the rise in premiums to continue, with 74% of insurers agreeing that their inability to …

business
72% of middle market companies expect to experience a cyberattack

Middle market companies face an increasingly volatile cybersecurity environment, with threats coming from more directions than ever before and more skilled criminals targeting …

money
Ransomware is up and victims are paying

Sophos released a survey and review of real-world ransomware experiences in a report which shows that 66% of organizations surveyed were hit with ransomware in 2021, up from …

ransomware payments
2021 average ransoms paid by quarter was $167K, down 44.2%

In reviewing the evolving cyber risk landscape, a Corvus Insurance report includes a breakdown of the impact of zero-days and third-party risk, updates on ransom severity, …

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18% of the top 99 insurance carriers have a high susceptibility to ransomware

Black Kite released a report that examines rising cyber risk concerns and ransomware susceptibility in the insurance sector. The most notable takeaway: nearly 20% of the top …

cyber insurance
How the increase in ransomware has impacted the cyber insurance market

Panaseer shares data on actions enterprises are willing to take to solve the escalating cyber insurance crisis. In recent years the cyber landscape has been dominated by a …

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