UK think tank rebuts idea that cyber insurance encourages ransomware attacks

A new report from the Royal United Services Institute, a British think tank, takes on the “frequent accusation” that cyber insurance payouts have helped fuel the boom in ransomware attacks, saying, “there is, in fact, no compelling evidence that victims with cyber insurance are much more likely to pay ransoms than those without.”

The RUSI report, “Cyber Insurance and the Ransomware Challenge,” was released July 31 following a 12-month research effort.

“During this research,” the report says, “we identified...