Dealer Cyber Insurance & The Tightening of Underwriting Guidelines

Cyber-Insurance

A recent Marsh & McLennan report states that cyber insurance rates could rise as much as 50% in the next 3-4 years.  They also report that since 2018 the number of cyber events has grown 150% and there have been more than $20 billion in ransomware claims.  Ransomware frequency and severity is leading to an … Read more