cyber claim costs News

U.S. insurers are ramping up cyber-insurance rates by as much as 25% 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, …

The average cyber breach claim for a large company was almost $6 million, according to the findings released by NetDiligence in its latest study on cyber claim costs. The sixth annual study of cyber claim payouts by the cyber risk …