Cyber Insurance Sticker Shock

This report explains the drivers behind rising cyber insurance premiums—primarily increased ransomware frequency, massively higher ransom demands and payouts, and security gaps from cloud and hybrid work models—and outlines insurer responses (tighter underwriting, coverage changes). It recommends proactive steps for organizations, including engaging insurers early, implementing foundational security controls (MFA, endpoint and continuous monitoring), working with experienced brokers, and collaborating with security vendors to maintain or obtain coverage.