A Fight for Coverage: Cyber Insurance Risk in 2022

Key Findings

• More than half of the largest insurance carriers are 3x more likely to experience a cyber breach than those with top ratings.
• 1 in 5 carriers are above the critical ransomware threshold of a 0.6 rating, indicating a high level of ransomware susceptibility.
• 82% are susceptible to a phishing attack.
• Software vendors are the most common source of supply chain attacks, accounting for 25% of all third-party incidents in 2021.