Cyberinsurance Premiums are Going Down: Here’s Why and What to Expect
July 2, 2024 at 07:22AM Cyberinsurance premiums have decreased by around 15% since 2022, as businesses have become more proficient at minimizing losses from cybercrime. Enhanced security measures such as multifactor authentication have aided in reducing insurance claims. However, the insurance industry’s cyclical nature suggests that lower premiums may not be a long-term trend. Industry … Read more