Cyber Insurance Prices To Surge After COVID-19, S&P Warns

By Lucia Osborne-Crowley (October 1, 2021, 10:04 PM BST) -- Ratings giant S&P Global has warned that cyber insurance prices will skyrocket over the next two years, after the pandemic led to a spike in cyberattacks, and warned insurers and reinsurers to form partnerships to prepare for the changing sector.

S&P said Wednesday that prices for cyber protection could "rise sharply" between 2021 and 2023 and in some cases could double from the existing cost.

"The pandemic accelerated digital transformation and increased systemic vulnerabilities, causing economic and insured losses from cyber to skyrocket," the ratings agency said.

S&P said that the heightened awareness of virtual risks that came along with the...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!