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.
Insurers and reinsurers are learning to better distinguish what cyber risks are insurable, high-risk but insurable, or uninsurable.
Some cyber intrusions result in full-fledged data breaches, which trigger mandatory regulatory and legal responses.
Insurers seeking profitability in cyber are closing monitoring rate, limits and underwriting.
Ransomware attacks are expensive, including costs of payment, operational interruptions, data restoration and more.
