In previous years, cyber insurance has been a common part of risk management for many companies. Now, the wind has turned, because an enormous wave of ransomware attacks and other security threats has put significant pressure on this business model. "Cybercrime figures, and thus also the amounts of damage, have literally exploded to meet the new requirements caused by the pandemic," says Mohamed Ibbich, Director Solutions Engineering at BeyondTrust. "On the other hand, this has also triggered a race by cybercriminals to take advantage of an abruptly increased attack surface."

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