Blog | G5 Cyber Security

Law Firm Sues Insurer Over Income Loss in Ransomware Attack

Moses Afonso Ryan was hit with a ransomware attack last year after one of its lawyers opened an attachment with malware. The firm ultimately agreed to pay the cybercriminals the $25,000 ransom to unlock its files, but the process took three months as it negotiated the terms, established a bitcoin accoun,t and had to re-negotiate the deal and pay additional bitcoins after the first set of decryption tools failed to work. Sentinel Insurance says it paid the firm the maximum policy limit of $20,000 for losses sustained from computer viruses and that the firm’s loss in business income does not meet policy requirements.”]

Source: https://www.darkreading.com/attacks-breaches/law-firm-sues-insurer-over-income-loss-in-ransomware-attack

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