Cyber Insurance and Risk: What's New in 2022?
When CNA Financial - a top U.S. insurance company - was struck by ransomware a year ago, it reportedly paid $40 million in ransom to restore access to its network and data. How does that fact that ransomware incidents - and ransoms - are now at record highs affect the cyber insurance sector? What are the emerging standards for coverage, as well as legislative trends, affecting the practice?
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This exclusive panel tackles these questions as well as:
- Proving cyber insurance value;
- The rising bar for entities to qualify for cyber insurance;
- The growing role of cyber insurance companies in incident response.