As Cyberattacks Rise, Cyber Insurers Are Rethinking Their Business
As Cyberattacks Rise, Cyber Insurers Are Rethinking Their Business By Katherine Chiglinsky and Max Reyes | July 21, 2021 Now, insurers are reassessing the cyber business. With cyberattacks on the rise and demand for coverage surging, the $3 billion industry of protecting companies against hackers is at an inflection point. Wrestling with higher costs and more risk, insurers are tightening standards, boosting prices and slashing how much they’re willing to pay for a breach. Making coverage harder to get may expose more companies to greater financial risk. ...