Paid Ransomware Demands Fall Sharply as Businesses Wise Up

Posted on: November 16th, 2021 by Leaders' Choice Staff No Comments

Businesses are getting better at beating ransomware extortionists and more victims are refusing to pay to unlock their systems, according to a new report. The ratio of ransoms that the cyber criminals demand to ransoms actually paid fell to just 12% in the third quarter of 2021, compared to 44% in the same period in […]

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As Attacks and Costs Mount, Cyber Insurance Rates Climb Further

Posted on: March 16th, 2021 by Leaders' Choice Staff No Comments

Cyber insurance rates are going to increase dramatically in 2021, driven by more frequent and more severe insured losses, according to a recent industry study. The report by global insurance firm Aon plc predicted that rates would jump by 20% to 50% this year due to two main factors: 1. Cyber attacks are becoming more […]

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Coverage Disputes Over Online Attacks Grow

Posted on: February 26th, 2020 by Leaders' Choice Staff No Comments

A federal court has ruled that an insurer’s professional liability policy must pay out $6 million for a company’s losses from a business e-mail compromise scam, even though the business lacked cyber coverage. The ruling is part of a growing trend of businesses that haven’t purchased cyber insurance seeking coverage for cyber-related losses from other […]

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As Cyber Threat Mounts, More Companies Take Measures

Posted on: October 16th, 2019 by Leaders' Choice Staff No Comments

As attacks on businesses’ networks continue increasing at unprecedent levels, cyber risks have become the top concern among organizations of all sizes for the first time, according to a new survey. The “Travelers Risk Index” found that 55% of executives surveyed said they worry “some” or “a great deal” about cyber risks. That’s more than […]

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