Published: 12:00pm, 28 Jul, 2019 Updated: 11:05pm, 28 Jul, 2019 Direct cyber insurance premiums have expanded at a cumulative annual rate of 20 % since 2015 , rising to $ 2bn in 2018 , but claims grew too , warned Moody ’s Investors Service in a report . It said the attacks were an increased risk to multiple clients , thanks to cloud computing , leading to higher claims . Last year , the average cost of US cyber insurance was $ 27 m , compared with $ 21 m in 2015 , according to Accenture Security .
Direct cyber insurance premiums have expanded at a cumulative annual rate of 20 % since 2015 , rising to $ 2bn in 2018 , but claims grew too , warned Moody ’s Investors Service in a report . It said the attacks were an increased risk to multiple clients , thanks to cloud computing , leading to higher claims . Last year , the average cost of US cyber insurance was $ 27 m , compared with $ 21 m in 2015 , according to Accenture Security .