Is there an upper limit on the cost of cybersecurity insurance? If the past few years is any indication, the answer is a firm “no.”

According to one study of insurers, the cost of cyber insurance skyrocketed 130% in Q4 2021, and 82% expect premiums to continue to rise over the next two years. A proliferation of high-profile ransomware cases certainly plays a role, as does a lack of experiential data among insurance companies, a dearth of cybersecurity professionals, and the sheer number of access points that could be vulnerable to attack.

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