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The cost of cyber insurance increased 32 per cent last year and shows no signs of easing

Anonymous Coward
Anonymous Coward

> At around the same time, Paris-based insurance giant Axa said "non" to French companies looking to buy its cyber insurance amid concerns that paying out when trouble hits was contributing to the explosion in cybercrime.

To those who already have an insurance contract it may be 1/10 the cost - going forward it may be more difficult to get, and if it is available have a higher risk of not having the insurees claim paid while tied up in court (did the insuree follow the contract's security precaution obligations?).

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