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Companies warned about changes to cyber insurance


Business owners are being warned to take cybersecurity more seriously amid a huge increase in attacks. With the uptick in data breaches and ransomware, insurance premiums have increased on average by 28%. Cyber insurance is classed differently from other types of business insurance, and offers protection against these attacks. To mitigate price rises, underwriters are advising businesses to consider protocols like multi-factor authentication and encrypted password management.