New cyber threat takes top spot as number one cause of loss

New cyber threat takes top spot as number one cause of loss

Posted June 11, 2020

New cyber threat takes top spot as number one cause of loss

  • The key selling point for cyber insurance has evolved over recent years as cyberattacks have become more prominent.
  • Several years ago, cyber insurance was important because of data breach concerns and protecting organizations’ liability if private data was exposed.
  • For the first time in over five years of tracking, ransomware has landed at the top of the list of loss causes in the non-healthcare segment.

– Alicja Grzadkowska | June 11, 2020