Why is Cyber-Insurance Critical for the Modern Business? – A perspective from Thom & Jerry
Since the first ransomware attack in 1989, criminal actors have vastly increased the number of attacks and raised their demands from new victims. The average ransom payment in Q1 of 2021 was $220,298, an increase of 43% compared to the average payment of $154,108 in Q4 of 2020. As cyber breaches grow in both scale and the size […]
Cyber Security Cornerstone: The Incident Response Plan
Background In recent years, cyber breaches have become more and more sophisticated. Targets have widened to include more than just government entities. And while cyber knowledge of best practices and cybersecurity buzzwords is certainly more common for businesses today, incident response plans and actions to prevent cyber breaches are struggling to keep pace with criminal […]
