BusinessPhoto: Business StandardCyber Insurance Claims Exceed ₹150 Crore Amid Rising Attacks
Cyber insurance claims have surged past ₹150 crore in the first half of the year, driven by increased cyberattacks on banks and businesses. Despite rising claims, premium rates remain soft due to higher reinsurance capacity. Claims in the banking sector have risen 50-60% over the past year, with coverage doubling to $50-100 million in FY26 from $10-25 million in 2020-21, reflecting growing digital risk protection needs.
Business Standard·



