Cyber Insurance Premiums Rising Radically — Ransomware Attacks to Blame
AM Best took a hard look at cyber insurance premiums in the United States in 2022. The results should be frightening to businesses and individuals. Cyber premium prices jumped 50%. Premiums hit $7.2 billion. That’s triple 2019’s figures. Fred Eslami of AM Best said ransomware attacks and online commerce are driving the demand for cyber …
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