Despite increased spending on cybersecurity, data breaches cost companies an average of $3.86 million per incident, leading more and more companies to seek cyber insurance coverage to protect their business. PwC estimates the cyber insurance market will grow to $7.5 billion in the next decade.
This brisk growth combined with the increase of policy payouts however, have not necessarily translated into profit for carriers. As a consequence, companies taking out or renewing policies can expect steep premium increases and strict security requirements.
This webinar features Simon Moffatt, founder of The Cyber Hut and Michael Rothschild, VP of Product at HYPR. They discuss The Cyber Insurance Landscape and the Role of Passwordless MFA. Topics covered include:
- The threat landscape
- Cyber insurance trends and new requirements
- How to reduce premiums and meet the latest requirements
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