Insurance premiums [have been skyrocketing](https://www.fitchratings.com/research/insurance/us-cyber-insurance-sees-rapid-premium-growth-declining-loss-ratios-13-04-2022), driven by the increasing loss ratios for cyber insurers, large payouts from ransomware attacks, and exposure due to remote work. Cyber losses are hard to underwrite, in part because there is not enough data but also because [it’s hard to correlate specific measurable factors with cyber breaches.](https://ventureinsecurity.substack.com/p/cyber-insurance-state-of-the-space)