coveware News

Insurers Cut Their Appetite for Cyber Cover as Ransomware Losses Mount

LONDON – Insurers have halved the amount of cyber cover they provide to customers after the pandemic and home-working drove a surge in ransomware attacks that left them smarting from hefty payouts. Faced with increased demand, major European and U.S. …

Weighing Effects of Treasury’s Ransomware Pay Warnings on Cyber Victims and Insurers

Recent warnings from the U.S. Treasury about paying ransomware demands are unlikely to substantially change how cyber insurers cover or handle such situations, according to experts. However, the advisories are likely to up the pressure on ransomware victims to make …

Putting Municipal Ransomware Attacks— and Cyber Insurance —in Context

The ransomware attacks on public entities in Texas, Florida, Maryland, Georgia and elsewhere this year have raised questions not only about paying ransoms but also about the role of insurance in helping these targets get back to serving the public. …