Cyber Insurance and Risk: What's New in 2022?
When CNA Financial - a top U.S. insurance company - was struck by ransomware a year ago, it reportedly paid $40 million in ransom to restore access to its network and data. How does that fact that ransomware incidents - and ransoms - are now at record highs affect the cyber insurance sector? What are the emerging standards for coverage, as well as legislative trends, affecting the practice?
This exclusive panel tackles these questions as well as:
- Proving cyber insurance value;
- The rising bar for entities to qualify for cyber insurance;
- The growing role of cyber insurance companies in incident response.