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Cyber insurance is fast becoming more difficult for organizations to buy as requirements toughen and premiums spike.
Insurers have faced significant losses due to the steady stream of ransomware and data breach attacks, and are passing the costs onto their clients with premiums spiking by 123% since 2020 for those that succeed in qualifying for a policy in the first place.
Organizations are now expected to take greater responsibility to protect themselves against attackers, hardening all of their perimeters to become more difficult targets for criminals.
Download Authomize’s Identity Security Checklist for Cyber Security Insurance to learn about: