12.03.19
Corvus Team

[WEBINAR] Ransomware: What Brokers Should Know Now

Ransomware & Cyber Exposure

[WEBINAR] Ransomware: What Brokers Should Know Now

On December 3rd, 2019, Corvus brought together two experts on ransomware from insurance and cybersecurity to discuss what insurance brokers need to know about ransomware and how it relates to cyber exposure. Complete the form below to receive the full webinar replay.

Watch Webinar Here

[RELATED POST] Tech Companies: Beyond Cyber Risk, the Cost of Downstream Impact

Tech Companies: Beyond Cyber Risk, the Cost of Downstream Impact

The rise of remote work and growing concerns over ransomware acted as partners-in-crime to get organizations to hone in on risk mitigation efforts over the past couple years. Through compiling our Risk Insights Index, we found that with certain initiatives —  safer or reduced usage of RDP, growing use of email security tools, and other measures taken to limit the impact of threat actors — businesses are more prepared than a year before and ready to play defense. Those efforts are borne out in our finding that the rate of companies who pay a ransom when attacked with ransomware fell by half within a year. 

[RELATED POST] Tips from Top Brokers: How to Play Offense in a Cyber Hard Market

Tips from Top Brokers: How to Play Offense in a Cyber Hard Market

The whisperings of “firming rates” start first, quietly in business meetings, then published in industry reports. Soon to follow, rumblings of a “hard market” are brought to the conversation. It’s cyclical in nature, and we see it across all insurance lines at one point or another. For years, Cyber Insurance stretched far and wide with “soft” market conditions, remaining highly profitable. Now that period of growth, with exceedingly available coverage and inviting terms, has stalled in the face of a hard market.