What Insurers Need to Know About Next-Gen Cyber Threats
Ransomware attacks are expensive, including costs of payment, operational interruptions, data restoration and more.
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.
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.
Insurers seeking profitability in cyber are closing monitoring rate, limits and underwriting.
Some cyber intrusions result in full-fledged data breaches, which trigger mandatory regulatory and legal responses.
