How the increase in ransomware has impacted the cyber insurance market

Panaseer shares data on actions enterprises are willing to take to solve the escalating cyber insurance crisis. In recent years the cyber landscape has been dominated by a sharp increase in ransomware attacks. According to SonicWall, ransomware attacks increased 105% in 2021 and Sophos’ report, the “State of Ransomware 2021,” revealed the average ransom paid is now $170,404 but remediation costs $1.85 million, ten times the size of the ransom payment, on average. The increase … More →

The post …

cyber cyber insurance cyber risk cybersecurity insurance market panaseer ransomware survey