Do We Really Need Email? Did We Ever? (Risk & Insurance)

Do We Really Need Email? Did We Ever?

  Thursday, July 21st, 2022 Source: Risk & Insurance

The human accomplishments that happened before the widespread use of email are numerous. To name just a few: Pizza was invented. Mozart wrote symphonies. People built spacecraft, flew them to the moon and walked on the lunar surface.

These days, insurance companies and their insureds are struggling with the fact that thieves and other miscreants are using email addresses to exploit security vulnerabilities, and in some cases, steal data, shut down operations and/or extort ransom payments.

Cyber losses are so great and frequent, that pricing the risk has become, let’s face it, next to impossible. Why else are cyber insurance rates spiking the way they are?

‘Hello, here’s your renewal, and your premium is going up 300%.’

Fun! Where can I get more of that?

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