---
id: 7921
title: "The Current State of Cyber Insurance"
source_domain: netspi.com
source_url: "https://www.netspi.com/blog/executive-blog/security-industry-trends/state-of-cyber-insurance/"
published_at: "2022-08-09T00:00:00Z"
tags: ["ransomware", "risk-management", "breach-cost", "cyber-insurance", "market-trends"]
phying_url: "https://phying.com/item/7921"
lang: en
---

# The Current State of Cyber Insurance

## Summary

Cyber insurance experts explain the hard market: ransomware drove triple-digit premium increases, insurers scrutinize security controls, and IBM puts average breach costs at 4.35 million dollars.

## Intelligence Metadata

- **Sources:** netspi.com
- **Published:** 2022-08-09T00:00:00Z
- **Original:** https://www.netspi.com/blog/executive-blog/security-industry-trends/state-of-cyber-insurance/
- **Phying News:** https://phying.com/item/7921