Get a Pentest and security assessment of your IT network.

News

As Ransomware Booms, Are Cyber Insurers Getting Cold Feet?

Ransomware has been behind a banner year in illicit profits, no matter the ongoing COVID-19 pandemic. Today, more than 75 different insurers offer cyber policies or policies that include some type of cyber coverage. As more victims who carry cyber insurance are being pressured to pay out more, insurers have been seeing their profit margins take a hit. As a result, some insurers are reportedly looking to exclude more costly types of cybercrime, including ransomware, unless customers pay a premium for these types of coverage.”]

Source: https://www.careersinfosecurity.com/blogs/as-ransomware-booms-are-cyber-insurers-getting-cold-feet-p-2974

Related posts
News

Ashley Madison 2.0 Hackers Leak 20GB Data Dump, Including CEO's Emails

News

Art of Twitter account hacking

News

SEA has stolen invoices that shows Microsoft charges FBI for user data

News

Greek police arrested a man running the BTC-e Bitcoin exchange to launder more than US$4bn worth of the Bitcoin