It sounds counterintuitive – cyber attacks are surging, ransomware payouts average $292,000 globally, and yet cyber insurance premiums have dropped by up to 10% across Australia in 2024. What’s driving this pricing rebellion?

The answer lies in a rapidly maturing market where insurers are playing favourites. They’re rewarding the cyber-savvy with cheaper, broader coverage while shutting out the unprepared entirely. It’s no longer about whether you can afford cyber insurance – it’s whether cyber insurance can afford you.

This whitepaper cuts through the market noise to reveal what’s really happening in Australia’s cyber insurance landscape. From mandatory ransomware reporting laws that could land you in regulatory hot water to AI deepfakes fooling finance teams into million-dollar transfers, the stakes have never been higher.