What Insurers Need to Know About Next-Gen Cyber Threats
Some cyber intrusions result in full-fledged data breaches, which trigger mandatory regulatory and legal responses.
Ransomware developers have begun selling their software to would-be peers, making it more difficult to identify the source by the characteristics of the attacking software.
Ransomware attacks are expensive, including costs of payment, operational interruptions, data restoration and more.
Insurers seeking profitability in cyber are closing monitoring rate, limits and underwriting.
The decision to pay or reject ransom demands is a complicated mix of identifying the source, evaluating backup plans and remaining compliant.
