The policy of truth: As ransomware claims rise, what's a cyber insurer to do?

The policy of truth: As ransomware claims rise, what's a cyber insurer to do?

If you rely on your insurer to pay off crooks after a successful ransomware attack, you wouldn't be the only one.


Ransomware victims from municipal governments to universities have turned to their cyber insurance policies to pay for decryption keys after getting pwned.


That's making some insurers nervous. How will they react as ransomware attacks keep growing?

Insurance company AXA's French unit suspended ransom payouts to criminals as part of its cyber insurance policy in early May. The company pulled the plug after French justice officials voiced their concerns to the Senate. The problem, they said, was that paying ransoms online validates the crooks' business model, emboldening them to keep doing it.



When you're dealing with a ransomware ..

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