Two Tools from RiskLens for Defensive Cyber Insurance Shopping

The Wall Street Journal recently reported that premiums collected by the largest U.S. cyber insurance carriers in 2021 rose 92% year-over-year, largely in response to a surge in ransomware. Cyber risk insurers are also declining coverage to companies with substandard cybersecurity controls, as well as changing the fine print for sublimits to reduce coverage for types of losses one by one.

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