The ongoing impact of ransomware attacks has driven increased interest in the purchase of cyber insurance. To meet that demand, cyber insurers must offer coverage that not only adapts to rapidly evolving risks, but also minimizes losses.
Given the changing nature of attacks, insurers struggle with a lack of data to comprehensively assess the risk they take on and the potential losses they cover. The cyber threat landscape continues to evolve, making it hard to underwrite cyber insurance with confidence.