A federal judge ruled that an insurer must pay for cybersecurity damages. National Ink & Stitch suffered a ransomware attack in 2016 and was forced to replace most of its IT infrastructure. The insurer, Ohio-based State Auto Property and Casualty Insurance Co., had denied coverage for the cost of replacing the company’s computer system. The insurance policy did not specifically cover cybersecurity damages, the judge ruled. The ruling did not set a specific dollar figure, although the company previously argued for a settlement of $310,000.”]
Source: https://www.cuinfosecurity.com/judge-rules-insurer-must-pay-for-ransomware-damage-a-13673