Security News > 2022 > April > 18% of the top 99 insurance carriers have a high susceptibility to ransomware

Black Kite released a report that examines rising cyber risk concerns and ransomware susceptibility in the insurance sector.

The most notable takeaway: nearly 20% of the top 99 insurance carriers have a high susceptibility to ransomware.

In the insurance market, third-party vendors rarely meet the insurance requirements established by the companies that hire them.

The research analyzed the top 99 insurance companies by net premiums written to better understand their cyber posture and the impact of increasing risk levels.

Ransomware susceptibility of the insurance sector More than half of the largest insurance carriers are 3x more likely to experience a cyber breach than those with 'A' ratings.

1 in 5 carriers are above the critical ransomware threshold of a 0.6 rating, indicating a high level of ransomware susceptibility.

News URL

https://www.helpnetsecurity.com/2022/04/08/insurance-sector-ransomware-susceptibility/