Cyber insurance market encounters ‘crisis moment’ as ransomware costs pile up
The woes within the industry could mean significant ramifications for policyholders.
Japan's Tokio Marine is the latest insurer to be victimized by ransomware
It's the third to announce a successful attack since March.
Burgeoning ransomware gang Avaddon appears to shut down, mysteriously
The group had become increasingly prolific, but there were no clear answers for why Avaddon disappeared.
Insurer paid $65,000 to help a city unlock ransomware in 2018. A second hack was more expensive.
The city of Azusa didn't disclose a payment in one incident, insurance paid up and now it's a victim again.
Ransomware strikes AXA shortly after insurer announces it will stop covering extortion fees
AXA joins CNA Insurance as a recent ransomware attack victim in the insurance industry.
Experts suggest French insurer AXA's plan to shun ransomware payouts will set a precedent
AXA's decision was surprising only in how long it took to become an apparent industry first.