“The vendor-agnostic survey of 5600 IT professionals, conducted by Vanson Bourne, found that 98% of businesses hit by ransomware had cyber insurance that covered ransomware and that the policy paid out in the most significant attack. In addition, the survey reveals an increase in the payment of clean-up costs (77%) and a decrease in ransom payments by insurers (40%). According to the report’s data, 66% of organizations were hit by ransomware in the last year…”
Get the report here. We found the data on cyber insurance payouts by type of payment and industry sector interesting (last chart), plus the high % of cyber leaders who said they had larger budgets than they needed.
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