An article in Finance-Monthly looks at the rise in prices of cyber insurance and asks whether this might be a positive. Premium costs have been increasing for a few years, with one report highlighting the UK cost of cover grew by 92% in Q4 2021 alone. The article questions whether the cyber insurance industry is exacerbating the ransomware threat, given organisations with cover can claim it back quickly. Furthermore, the article suggests rising premiums could reduce complicity and laziness within cybersecurity teams who would instead see value in proactive protection.
Related articles:
What is this page?
You are reading a summary article on the Privacy Newsfeed, a free resource for DPOs and other professionals with privacy or data protection responsibilities helping them stay informed of industry news all in one place. The information here is a brief snippet relating to a single piece of original content or several articles about a common topic or thread. The main contributor is listed in the top left-hand corner, just beneath the article title.
The Privacy Newsfeed monitors over 300 global publications, of which more than 4,350 summary articles have been posted to the online archive dating back to the beginning of 2020. A weekly roundup is available by email every Friday.