Vendor-related risks, from both tech providers and non-tech partners, have always been a concern, but they’re now becoming increasingly apparent in a growing number of cyber insurance claims. While data breaches were once the main concern, we are now seeing more severe first-party losses caused by ransomware attacks and major system outages. These issues are not always the result of a cyberattack, either. Sometimes they come from non-malicious errors, like critical system failures or software
