The WSJ reported Aug 8, 2020: It’s changing into dearer and troublesome for firms to get or renew cyber insurance coverage. The value of U.S. cyber insurance coverage insurance policies elevated by 79% from a 12 months earlier. Insurers have made it tougher to get or hold a coverage, too.
As ransomware and cyberattacks develop into extra frequent, insurance coverage firms now ask companies for extra element about their cyber insurance policies and procedures, Cheryl Winokur Monk reviews. If they will’t fulfill these calls for, companies might face increased premiums or be refused protection.Â
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