The impact of ransomware on cyber insurance driving the need for broader cybersecurity knowlege

Help Net Security

Helga Labus

The growing number of ransomware attacks has burdened many oganizations, but it has also greatly impacted the cyber insurance industry, which found itself having to cover large ransomware demands. This called for a change in policies but also the need to enhance cyber insurance with cybersecurity knowledge.

In this interview with Help Net Security, Odin Olson, VP of Alliances for Arctic Wolf, talks about the impact of ransomware on cyber insurance and the connection between security operations and the insurance industry.

Ransomware attacks have reached unprecedented levels lately. How has this impacted the cyber insurance industry?
Not only have ransomware attacks spiked, the amount of ransom demanded has grown exponentially—to somewhere between...

Get the Morning Update

Thanks for subscribing!