Tags insurance

Ransomware to blame for nearly half the cyber-insurance claims filed in early 2020

by Jeff Stone • 1 week ago

Just because a ransomware victim files a cyber-insurance claim does not mean the cost will be covered.

Insurer's huge data exposure draws charges from New York state

by Jeff Stone • 2 months ago

The complaint is the first action under new Department of Financial Services regulations.

FBI turns to insurers to grasp the full reach of ransomware

by Jeff Stone • 6 months ago

If victims don't report ransomware attacks to the FBI, insurers might be the next best source of information.

Beazley: Ransomware claims more than doubled in the last year

by Jeff Stone • 6 months ago

These figures come as insurers continue to assess whether to pay the extortion fees that hackers impose on their clients.

AIG must cover client's $5.9 million in cyber-related losses, judge rules

by Jeff Stone • 8 months ago

AIG had cited multiple clauses in its policy to argue against paying, though the court ruled the tactic did not count as "bad faith."

Judge forces insurer to help small business to clean up after a crippling ransomware attack

by Jeff Stone • 8 months ago

The ruling adds some clarity to the otherwise murky world of cyber-related insurance claims.

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