What Insurers Need to Know About Next-Gen Cyber Threats
Cyber intruders are using the experience of early ransomware efforts to design deeper, multi-layered attacks that combine holding data hostage with the possibility of intentional breaches.
Ransomware attacks are expensive, including costs of payment, operational interruptions, data restoration and more.
Insurers writing cyber coverage look to their reinsurer for trends, perspective on risk accumulation, and risk management resources.
Insurers seeking profitability in cyber are closing monitoring rate, limits and underwriting.
Characteristics of a ransomware attack reveal much about the source or identity of the attack, which can help determine the likelihood of recovering their data.
