Cyber insurance premiums surge by 50% as ransomware attacks increase


Premiums collected from policies written by insurers reached US$7.2bil (RM33.34bil) in 2022 and tripled in the past three years, ratings firm AM Best said in a study released this week. — Image by Freepik

US cyber insurance premiums surged 50% in 2022 as increased ransomware attacks and online commerce drove demand for coverage.

Premiums collected from policies written by insurers reached US$7.2bil (RM33.34bil) in 2022 and tripled in the past three years, ratings firm AM Best said in a study released this week.

Unlock 30% Savings on Ad-Free Access Now!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Others Also Read


All Headlines:

Want to listen to full audio?

Unlock unlimited access to enjoy personalise features on the TheStar.com.my

Already a member? Log In