Want cheaper cyber insurance? Security leaders say improving resilience has helped them save on coverage

Following a major market correction off the back of surging ransomware claims in 2020 and 2021, conditions started to stabilize last year as improved cyber hygiene amongst insureds helped to prevent or mitigate the impact of attacks,

The results indicate that organizational revenue has a minimal impact on whether or not a business takes out cyber insurance, with 92% of respondents from companies with less than $50 million annual revenue claiming to have some form of coverage, compared to 93% of enterprises with over $1 billion in annual revenue.

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