Ransomware attacks have become more frequent in 2022. According to Marsh Re, 71% of surveyed organizations fell victim to ransomware or a cyber attack causing fraud or breach of data. As the number of attacks rises, so are the ransom amounts, increasing the cost to organizations by 82%.

After factoring in response costs, judgments, and/or fines, it's no surprise that cyber liability insurance carriers have raised premiums, requiring stricter security controls from their clients before providing coverage, and sometimes even shedding existing customers.  

Cyber liability insurance companies are highly concerned with mitigating the material risk of an attack and containing the blast radius of a breach. Legacy PAM solutions often fall short in this respect. However, Remediant PAM+ meets this market need, building on Zero Trust principles, leveraging Just-in-Time access, and blocking techniques like lateral movement and privilege escalation.