Cyber insurance policy rates have skyrocketed due to the increase in frequency and cost of ransomware cases over the past year. But due to the rising rates of cyber attacks in the UK, taking no policy is not an option either, which creates a dilemma.
Counting the cost of cyber insurance
How costly is costly, exactly? According to the Ponemon Institute’s Cost of Data Breach Report 2021, Ransomware attacks cost businesses an average of $4.62 million – and that doesn’t even include the cost of the actual ransom.
Where cyber insurance fits in
To combat the threat of such attacks, many organisations are turning to cyber insurance. This trend is more acute because many traditional insurance products exclude cyber security risks.
What’s the solution?
Watch this webinar from the Bitdefender Managed Detection & Response (MDR) team to learn the basics of cyber insurance, its history, types of cyber insurance offerings, what it takes to qualify, and finally, how the cyber insurance market is evolving and what it means for you.
Want to find out more?
As Bitdefender Partners, Complete IT Systems can offer you expert advice on the solutions and how they could be effectively deployed in your business.
To find out more please call us on 01274 396 213 or use our contact form and we’ll arrange a good time to call you back.
