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Large businesses’ cybersecurity insurance claims are now less frequent but more expensive
A new report finds that large businesses face fewer but costlier cybersecurity insurance claims, driven by artificial intelligence (AI)-powered attacks and concealed supply-chain vulnerabilities that complicate insurers' assessment and pricing models.
Why it matters: Risk managers and security leaders at large enterprises should understand that AI-driven threats and supply-chain gaps are raising claim severity, which may increase premiums and tighten coverage terms.
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- First seen by Cybersecurity Tracker