Latest / Cybersecurity Business with Fexingo: Security Companies, Breaches, and Enterprise Defense
How Cyber Insurance Premiums Are Reshaping Enterprise Security
Episode 26 of Cybersecurity Business with Fexingo. Lucas and Luna explore how the cyber insurance market is driving significant changes in enterprise security practices. They examine the hardening of underwriting standards after the 2021 ransomware surge, with premiums rising 50-100% annually in 2022 and 2023 before stabilizing. The conversation focuses on how insurers now require specific controls like multi-factor authentication, endpoint detection response, and backup segmentation to qualify for coverage. Lucas breaks down the case of a mid-size manufacturing company that saw its premium…
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