Tags cyber insurance
Two cyber insurance industry initiatives grapple with rise of ransomware
CyberAcuView and the APCIA are two different answers to a phenomenon rocking the cyber insurance industry.
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.
Cyber insurance premiums rise as ransomware, hacks continue, GAO finds
More than half of cyber insurers surveyed said premiums rose by 10 to 30% in late 2020.
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.
Top insurer CNA disconnects systems after cyberattack
It could be a "nightmare scenario" for CNA and others if hackers get ahold of policyholder information.