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Rising Cyber Insurance Premiums Highlight Importance of Ransomware Prevention

18
Nov
2021
Rising Cyber Insurance Premiums Highlight Importance of Ransomware Prevention

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No insurance premiums saw greater growth in the second quarter of 2021 than those related to cybersecurity. According to the Council of Insurance Agents & Brokers, cyber insurance premiums grew more than a quarter (25.5%) during that period. That’s well above the 17.4% increase witnessed by umbrella insurance and an average of 8.3% growth across all premiums. In part, that’s because of ransomware. What can your business do about it?

What’s Behind This Growth of Cyber Insurance Premiums?

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