Insurers are tying up with agencies that act as intermediators to interact with hackers, or “threat actors”. These agencies help in negotiating with the hackers when they dont release the key after stealing data. At least 5-10 cases involving large sums of money had been settled through such negotiations in a little over a year, experts told ET.
Ransomware incidents rising again as criminals use data exfiltration and supply chain attacks to maximize their leverage.
Allianz Commercial analysis of large cyber losses shows the number of cases...
Following two years of high but stable loss activity, 2023 has seen a worrying resurgence in ransomware and extortion claims as the cyber threat landscape continues to evolve, Allianz Commercial warns in a new report.
Zurich adds cyber insurance offering for middle market businesses kptv.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kptv.com Daily Mail and Mail on Sunday newspapers.
Outdated technology, poor software maintenance, and the dreaded clicking of a malicious link were most to blame for cyber insurance claims experienced by