Ransomware

While only 48% of startups believe they are likely to face a data breach or ransomware attack, the actual number affected is much higher.

Ransomware attacks soared last year, pushing demand for coverage after the pandemic-induced work-from-home era also made remote workers more vulnerable to digital attacks.

A consortium of financial companies said premiums are rising despite a relatively low level of overall risk, causing some banks to reconsider their policies.

A standalone cyber policy is now a must-have for more and more small businesses, and even large enterprises.

A good cyber insurance policy should cover ransomware incidents.

Compromised email, ransomware continue to increase

Progress on cybersecurity measures lowers insurance market risks and stresses.

Market pressures, increasing threats and low awareness dragging on efforts

Insurance organizations must identify where true exposure and business risk hide.

One way that digital is supporting cybersecurity is with the use of enterprise password management software.