Cyber Insurance Breaking: $221K Claims Signal Collapse
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Cyber Insurance Breaking: $221K Claims Signal Collapse
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This story was originally published on HackerNoon at: https://hackernoon.com/cyber-insurance-breaking-$221k-claims-signal-collapse.
Average cyber claim severity has hit a record $221,000. Ransomware costs have ballooned to $508,000.
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Average cyber claim severity has hit a record $221,000. Ransomware costs have ballooned to $508,000. Between record frequency and a massive reinsurance retreat, SMEs are becoming effectively uninsurable.