What to Expect When Seeking Cybersecurity Insurance

Cybersecurity liability insurance has progressed dramatically since the first bona fide policies emerged in the late 1990s. Some of the greatest changes that have occurred in recent years include insurance companies no longer insuring against state-sponsored attacks or ransomware events. The insurers do not want to become part of a cyber-war. In some cases of ransomware, the attackers have figured out how much cyber liability coverage a company has, and that is the payment that they request for the decryption key. This has all led to insurance companies increasing their due diligence prior to…