Remove Backups Remove Cyber Insurance Remove Cyber threats Remove Small Business
article thumbnail

Ransomware: Number One Cyber Insurance Claim

SecureWorld News

Trends of cyber insurance claims for 2020. Coalition, a cyber insurance company, recently released a report detailing the categories of cyber attacks as well as the cause behind the attacks for the first half of 2020. The company says that ransomware accounted for 41% of cyber claims. Cyber insurance works.

article thumbnail

As ransomware inches from economic burden to national security threat, policies may follow

SC Magazine

And imposing rules on businesses can sometimes result in penalizing the victims. The government has options, but none of them are easy or fast,” said Michael Daniel, former White House cybersecurity coordinator and current president and CEO of the Cyber Threat Alliance. They will still pay, but it will be illegal.