Protect Assets Instantly With Cyber Liability Ransomware Coverage

The Rising Threat of Ransomware

Ransomware attacks have skyrocketed in recent years, with reports indicating a 62% increase in incidents from 2020 to 2021 alone¹. These attacks can cripple businesses, leading to significant financial losses and reputational damage. The average cost of a ransomware attack, including downtime, recovery, and ransom payments, can exceed $1.85 million². This staggering figure underscores the necessity of having robust cyber liability coverage in place.