Inside Cybersecurity

February 19, 2020

Daily News

Insurance industry campaign to increase cyber coverage overshadowed by discussion of ransomware

October 9, 2019 |
Mariam Baksh

An insurance industry paper aiming to get the facts straight in response to media reports – and policymakers’ concerns – that cyber insurance may contribute to the growth in ransomware attacks also takes care to reassure the market: claims are paid.

“What do the critics get right? Just one important point: Cyber insurance pays claims,” Matthew McCabe, senior vice president and assistant general counsel for cyber policy at global insurance firm Marsh, wrote in the new report.

The insurance...

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