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As cyberattacks increase, more companies consider cyber liability insurance; but coverage costs are rising

Over the past few years, businesses large and small have found themselves targets of cyberattacks, which are growing in complexity and frequency. The second quarter of this year saw an all-time peak, with global cyberattacks increasing 32% compared to the same period in 2021, according to Check Point Research. One of the latest local victims was Bradley International Airport, which recently saw its website go down after being hit by a distributed denial of service attack.

Risk Assessment: As cyberattacks increase, more companies consider cyber liability insurance; but coverage costs are rising

Over the past few years, businesses large and small have found themselves targets of cyberattacks, which are growing in complexity and frequency. The second quarter of this year saw an all-time peak, with global cyberattacks increasing 32% compared to the same period in 2021, according to Check Point Research. One of the latest local victims was Bradley International Airport, which recently saw its website go down after being hit by a distributed denial of service attack.

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