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Insurers Tire of Paying Ransom to Cyber Crooks

Tags: , , , , , Date/Time: July 20, 2021 @ 12:00 am, by raindog308

Loss ratios in the cyber insurance world have skyrocketed in recent years – surging 400% year over year.  They have hit 70% of paid premiums, which some industry commentators are saying is unsustainable. Previously, standard policy was to “pay the ransom,” but this attitude may be changing. “The ransomware groups got way too greedy too quickly. […]