Should insurance companies pay ransomware demands?
Several major insurance companies explicitly offer coverage for online extortion payments in their cyber policies, and those demanded payouts have been gradually increasing. Some companies have also attempted to use kidnapping policies to cover online ransom payments, though it is unclear whether any have been successful. While few organizations publicize it when they use insurance to make these payments, cyber insurance can also cover several other types of costs related to ransomware attacks, including the costs of restoring or replacing affected systems.
