Ransomware has been behind a banner year in illicit profits, no matter the ongoing COVID-19 pandemic. The average ransom payment – when a victim paid – was $233,817, which was an increase of 31% from the previous quarter. As ransomware payouts have risen, however, insurance providers’ profits have been taking a dive. 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.cuinfosecurity.com/blogs/as-ransomware-booms-are-cyber-insurers-getting-cold-feet-p-2974