Cyber insurance provider Coalition Inc. says its clients’ average claims for losses when they were hit by a ransomware attack totaled $184,000 in the first half of this year, down 45% compared to the second half of 2020. The insurer says it makes no recommendation to its clients when it comes to paying a ransom, but if the victim opts to pay, it will step in and handle the negotiations. The decline in losses “is reflective of Coalition’s efforts to negotiate ransoms on our policyholders’ behalf,” Coalition says.”]
Source: https://www.cuinfosecurity.com/insurer-size-claims-paid-for-ransomware-attacks-declines-a-17174