Cyberattacks on the Rise: US Insurers Brace for Impact
A new survey by KYND and Intelligent Insurer finds 80% of US insurers expect more cyberattacks this year. This highlights the growing need for businesses to strengthen their cyber defenses.
The survey of over 100 insurance professionals reveals:
- Stricter Insurance Standards: 57% of insurers anticipate tougher requirements to qualify for cyber insurance, emphasizing the importance of robust cyber risk management.
- Rising Cyber Threats: 80% predict a surge in cyberattacks, prompting insurers to refine their risk assessment practices.
- Demand for Better Tools: Businesses need real-time data on cyber risks and closer collaboration with insurers.
The industry needs a more integrated approach with timely insights to build stronger cyber resilience.
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