Cyber Insurance in the Age of Ransomware: Protection or Provocation?

Businesses are increasingly facing the threat of cybercrime, particularly ransomware. This malicious software locks users out of their systems, demanding a ransom for access. The surge in such attacks may have led to the rise of cyber insurance as well, a specialized coverage designed to mitigate financial risks from cyber incidents. 

This insurance has become essential for many businesses, offering protection against the costs of data breaches, business interruptions, and cyber extortion. As ransomware evolves in sophistication, cyber insurance …

access age attacks businesses cyber cybercrime cyber insurance facing financial insurance led locks malicious malicious software may protection ransom ransomware risks software systems the age threat