Insurance providers are scrutinizing prospective clients’ cybersecurity practices more closely than in past years, when underwriting was less strict. For many businesses, obtaining or renewing cyber insurance has become expensive and arduous. The price of cyber insurance has soared in the past year amid a rise in ransomware hacks and other cyberattacks. Insurance Companies want to know what kind of backup plans companies have if a ransomware attack strikes and how those plans are tested. Insurance providers also diving deeper into whether a company’s networks are segregated to limit the spread of malware. Other important criteria include endpoint protection, or monitoring and protecting devices against cyber threats, and incident-response exercises.