Ransomware Insurance

Is Cyber Insurance Starting to Resemble Another Major Insurance Category? 

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“(I)ncreases in deductibles, retention, sublimits, and co-insurance on ransomware payments, are making cyber coverage look more like health insurance.” Useful report from @natlawreview with collection of key cyber insurance metrics from Marsh expert @mscheincicclcs… Source: Cyber Insurance to Protect Against Cyberattacks

Cyber Insurance Pays Back Only App. 60% of Ransomware Costs & Then Rates Go Up

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There’s grim news in a new survey from cloud vendor Cloudian and Sapio Research: Cyber insurance only pays about 60% of costs from ransomware attacks — and paying ransoms often does not result in the return of most data. Most companies see their cyber insurance rates climb some 25% after a ransomware attack. Get the … Read more

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