Ransomware victims are increasingly falling back on their cyber-insurance providers to pay the ransom when they re hit with an extortion cyberattack. But security researchers warn that this approach can quickly become problematic. In the first half of 2020, ransomware attacks accounted for 41 percent of the total number of filed cyber claims, according to a Cyber Claims Insurance Report released last year by Coalition. The report found that in real-world attacks over the past two years, many companies afflicted by ransomware acknowledged that they had utilized cyber-Insurance to deal with the ransom itself or the ensuing cost of remediation.
Source: https://threatpost.com/cyber-insurance-ransomware-payments/166580/