US cyber-insurers are increasing premiums and lowering coverage limits, making it next to impossible to secure their 2021 coverage at 2020 rates, according to new research.
A cyber security incident in May cost global packaging giant, the Ardagh Group, $34m (€28.9m) as of 30 June. An investigation continues.
Experts say that the EU’s General Data Protection Regulation (GDPR) is pushing up the demand for cyber insurance – a trend that may increase as GDPR-style rules are adopted around the world.
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