Global cyber insurance premiums are declining despite an increase in ransomware attacks, according to a recent report by insurance broker Howden www.howdengroup.com. This trend reflects improved business security practices, evolving insurance industry dynamics, and changing attitudes toward cyber risk management.
The Howden report indicates that the cyber insurance market experienced double-digit price reductions in 2023/24, starkly contrasting the skyrocketing premiums seen in 2021 and 2022 d
