I've written an article for Financial IT on how reductions in Cyber Insurance premiums won’t deliver a panacea
After all the record numbers of ransomware attacks, there is some good news - increased competition in the cyber insurance market is causing premiums to fall, as much as 15 percent compared to last year.
However, while cyber insurance can provide important funds to help compensate for an attack, and in some cases even provide support in response efforts, having the cybersecurity hygiene measures to avoid attacks and effective cyber resilience to mitigate their consequences is the only winning hand.
