As cyber threats rise, insurers are stepping in to help organizations fight cybercrime. These insurers process claims following an attack and help implement appropriate security measures. In response to the increased risk, premiums have grown by 50% in the last year. To counter this, insurers are refining actuarial models and understanding cyber risk better. Consequently, rigorous self-assessments and accurate documentation are critical to securing cyber-insurance coverage. With transparency and meticulous security measures, these insurers can help firms improve their cyber resilience.
LockBit ransomware group falls victim to hackers itself
A data leak has disclosed information about negotiations with victims, Bitcoin wallet addresses, affiliate accounts, and details of attacks.
