More Expensive for Cyber Insurance Providers

CF: Why are cyber insurance providers making less money?

JS: They’re paying out more because there are more cyberattacks. I mean, we see it in the news. There are more data breaches. As more companies go through digital transformation, there’s just more information out there. And regardless of things being more secure or less secure, there’s just more attack surface for information to be breached. And they’re paying out more for claims. And we see it in the news anecdotally of just the types of mega breaches that go on.