The National Cyber Security Centre has urged British businesses to think carefully when picking a cyber insurance policy – but won’t say whether insurance that covers ransomware payoffs is a bad thing or not.
Taking the form of seven questions for businesses published on the NCSC website, the latest guidance urges companies to ponder security-specific things when deciding what insurance policy to take out.
“Most cover responds to the immediate effects on the organisation by working to quickly restore network systems and data, while seeking to minimise losses from business interruption,” said the GCHQ-sponsored agency. “For data breaches, there may be legal action from customers or other affected parties.”
Yet NCSC was rather coy when The Register asked what its position was on cyber insurance products that pay ransom deman ..
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