Cyber Insurance Sticker Shock: Now What?
Cyber insurance has become increasingly expensive for most policyholders. Various organizations, including industry heavyweights such as Aon who have predicted premium hikes between 20% and 50% this year. There are even reports of premium increases as high as 1,000% for organizations with the highest risk. Unfortunately, many of these premium increases occur with little warning, often within a few weeks of a policy renewal.