Ransomware has been behind a banner year in illicit profits, no matter the ongoing COVID-19 pandemic. In Q3, the average ransom payment – when a victim paid – was $233,817, which was an increase of 31% from the previous quarter. As more victims who carry cyber insurance are being pressured to pay out more, insurers have been seeing their profit margins take a hit. Some insurers are reportedly looking to exclude more costly types of cybercrime, including ransomware, unless customers pay a premium.”]