Cyber insurance premiums range from $10,000 to $35,000 for $1 million in coverage. Cyber insurance isn’t a stopgap measure to compensate for weaknesses in an IT security program. Some enterprises in industries such as financial services use cyber insurance to meet regulatory requirements. There hasn’t been enough history in claims and payouts for underwriters to know what to charge, experts in the field say. Insurance brokers and providers have upped their marketing efforts, says John Wheeler, a research director at Gartner.”]
Source: https://www.cuinfosecurity.com/10-concerns-when-buying-cyber-insurance-a-4859