NOTEBOOK – ONE GOOD READ: WSJ Pro Research survey: Cyber insurance results
SARAH BOGAARDS Nov 8, 2022 | 4:21 pm
1 min read time
135 wordsAll Latest News, Innovation and EntrepreneurshipData from the latest Wall Street Journal Pro Research cybersecurity survey is in, and it shows cyber insurance premiums are going up as insurers deal with the fallout of ransomware and supply chain attacks, among other findings. Eighty-six percent of companies, both large and small, noticed an increase in premiums for the same level of coverage. Another finding around renewing policies is that about one-third of organizations found that fewer insurers were willing to offer a cyber insurance policy, with 45% of larger companies and 28% of smaller companies finding this to be an issue. Disparities between small and large companies and whether they opt to have cyber insurance coverage continue, but the survey finds that 6% of midsized businesses and 4% of small businesses purchased coverage for the first time in the last year.