Insurers look to curb ransomware exposure as US cyber premiums rise

By on
Insurers look to curb ransomware exposure as US cyber premiums rise

Rates surge by as much as 25 percent after rash of costly claims.

US insurers are ramping up cyber-insurance rates by as much as 25 percent and trying to curb exposure to vulnerable customers after a surge of costly claims, industry sources said. The changes follow a challenging year of hackers using malicious programs, known as ransomware, to take down ...

Hi! You've reached one of our premium articles. This is available exclusively to subscribers.

It's free to register, and only takes a few minutes.

Once you sign up you'll have unlimited access to the full catalogue of Australia's best business IT content, as well as a daily news bulletin delivered straight to your inbox.

Register now
Got a news tip for our journalists? Share it with us anonymously here.
Tags:
benchmarking change cyber insurance ransomware security

Most Read Articles

Windows flaw lets Zoom leak network credentials, runs code remotely

Windows flaw lets Zoom leak network credentials, runs code remotely
Woolworths, Coles to raise tap-and-go limit to $200

Woolworths, Coles to raise tap-and-go limit to $200
Google location data shows Australia grinding to halt

Google location data shows Australia grinding to halt
Infosec researchers at loggerheads as new Zoom zero-day goes public

Infosec researchers at loggerheads as new Zoom zero-day goes public
You must be a registered member of iTnews to post a comment.
| Register

Whitepapers from our sponsors

Move Beyond Passwords
Move Beyond Passwords
Here's the fast, cost-effective way to deploy Single Sign-On for Office 365
Here's the fast, cost-effective way to deploy Single Sign-On for Office 365
Driving business innovation through private cloud solutions
Driving business innovation through private cloud solutions
Future proofing your datacentre with hyperconverged infrastructure
Future proofing your datacentre with hyperconverged infrastructure
The Network for the Digital Business Starts with the Secure Access Service Edge (SASE)
The Network for the Digital Business Starts with the Secure Access Service Edge (SASE)

Events

Log In

Username / Email:
Password:
  |  Forgot your password?