Article from IT security consultant, about ransomware insurance:
- "Ransomware has been so successful in compromising victims and getting
big payouts that it has led to a rapid, fundamental change in the
cybersecurity industry. Many previous cybersecurity insurance players are
getting out of the industry or refusing to insure for ransomware and
other cyber crime. Those that are left are charging more, insuring for
less and requiring proof of far stronger controls before a policy is
- They contract with experienced companies that respond to hundreds to
thousands of ransomware events a year...
- Ransomware gangs had obviously searched for and found a victim's
insurance policy after breaking into the victim's environment...
ransomware gang would respond with the maximum figure they knew the
victim was insured for. So, a hint to anyone who has a cybersecurity
policy, make sure that document is not online or specially protect it...
- They will ascertain your current risk, make recommendations, and
constantly monitor your status. You need someone to read your logs or
patch your computers, your friendly cybersecurity insurance company may
be able to do that for you..."