The Global State of Cyber Insurance

When faced with unrelenting cyberattacks, many organizations turn to their cyber insurance company to cover their losses. However, not all organizations are adequately protected.

Recent research found that more than 40 percent of U.S. businesses had either no cyber insurance or limits of         $1 million or less, which may not adequately cover the cost of the average cyberattack. In response to the increasingly frequent and more severe cyberattacks, particularly ransomware attacks where criminals demand a ransom to restore access to networks and data, some insurance companies faced mounting losses related to their          cyber insurance policies and abandoned the sector. Others reduced coverage, increased premiums, or amended policies to include more stringent risk mitigation requirements.

Download this global report to:

• learn which cyber controls insurers prefer for you to qualify for a policy
• understand the corporate motivations driving cyber insurance purchases
• discover how to qualify for the best rates and terms
• enhance your insurability