Cyber Insurance | Ransomware readiness

October 31, 2022

We previously blogged about industry events that Huntsman Security attended during September 2022, and a survey we ran regarding challenges faced by attendees when it comes to ransomware and cyber insurance.

We have analysed the survey results and produced a paper to summarise the outcomes.

Here is an overview of the interesting findings and emerging insights:

  • Over half of the respondents saw an increase in the cost of cyber insurance premiums due to ransomware
  • One quarter saw cyber insurance cover limited or refused unless adequate controls were in place
  • 30% of respondents report “bad” or “average” visibility of their ransomware risk exposure
  • 70% of businesses have taken steps to improve their ability to prevent, detect or recover from a ransomware attack

For details on Huntsman Security’s cyber risk management solutions, please contact us or visit our website.

Ransomware threats and cyber insurance

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