As the threats of ever-evolving cybercrime continue to grow, so does the need for businesses to stay informed and adequately protected against these risks.

Because of this, cyber insurance has become an essential component of every business’s risk management strategy—and insurance underwriters are starting to ask for higher security protections than before.

Chris Cummings, CEO of Petra Technologies, provides a further update on the status of cyber insurance in 2023, including basic security minimums, rate increases, and real-life cybercrime scenarios.

If you need assistance reading your cyber insurance questionnaire, contact Petra Technologies today!

This blog post was first published on PetraTechIT.com.