Cybersecurity insurance is becoming scarce, but there’s a lot you can do to secure your business
If your business is looking for cybersecurity insurance, you may want to read the fine print when it’s time to renew your policy.
As with so many things today, the trend is toward paying a lot more and receiving a lot less.
Cybersecurity insurance premiums have risen dramatically in recent years. At the same time, major underwriters are beginning to place limits on coverage. A major driver behind these trends is a surge in insurance payouts, particularly for ransomware attacks.