Insurance Business - Which Australian industries are most targeted by cyberattacks?

Scott Hesford provides comment on why cyber coverage has become increasingly challenging to secure for many companies. “A reliance on firewalls and other on-premise measures are simply insufficient. Home-based workers – thanks to insecure Wi-Fi, unpatched personal devices, and generally poor cyber hygiene – are more susceptible to everything from phishing campaigns to ransomware attacks and more.” These situations, according to Hesford, have pushed cyber insurers to tighten underwriting guidelines and require customers to have certain security controls in place before they can access coverage. Scott Hesford says that insurance companies are becoming more selective about who they are willing to cover.

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