The New Cyber Insurance Requirements: What to know & how to comply

As ransomware attacks continue to increase at an alarming rate—up 71% in the last year—hackers are using lateral movement more frequently to spread their attacks across entire systems at once.

This trend, coupled with the availability of billions of stolen login details on the dark web, has led to major companies such as: Apple, Accenture, Nvidia, Uber, Toyota and Colonial Pipeline, falling victim to high-profile attacks caused by vulnerabilities in their identity protection measures.

Consequently, insurance companies have implemented strict criteria that businesses must meet before being eligible for a policy.

These new requirements have caught many organisations off-guard, leaving them struggling to grasp the technicalities and find appropriate solutions to qualify for coverage.

Luckily, there is a simple and lightweight approach that businesses can adopt to meet even the most challenging insurance requirements.

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