Landscape of Standalone Cybersecurity Policies Has Changed Due to Increased Risk and Scrutiny

Because the market is rapidly changing, policyholders should not expect that they'll be offered the same coverage at renewal. Policyholders should start their renewal process earlier going into this year's renewal so they have time to analyze new pricing, as well as new endorsements that may limit coverage and consider alternative forms, insurers, and policies to maximize coverage.

6 minute readFebruary 01, 2022 at 01:33 AM
By
Walter Andrews, Andrea DeField
Sima Kazmir
Landscape of Standalone Cybersecurity Policies Has Changed Due to Increased Risk and Scrutiny

Cyberattacks are an unavoidable business risk. Arecent U.S. Treasury Department report observed that through June 30, 2021, the total value of suspicious activity associated with ransomware transactions in 2021 was $590 million, exceeding the

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