Cyber insurance features prominently in ransomware report hailed by Mayorkas as a valuable policy guide

The Institute for Security and Technology’s Ransomware Task Force report focuses extensively on cyber insurance and the role such policies play in the ecosystem around payments to cyber criminals demanding ransom, as well as in helping drive up companies’ cybersecurity practices.

IST last week released “Combating Ransomware: A Comprehensive Framework for Action,” including recommendations on cyber insurance and how that industry can play a central role in collaborative efforts against ransomware. Homeland Security Secretary Alejandro Mayorkas said the...