Are you insured against a ransomware attack?

The widespread use of ransomware by cybercriminals to make vast sums of money is leading to insurance companies considering whether covering ransomware payouts as part of cyber insurance makes economic sense.

Cybercriminals are constantly searching for more reliable methods to make organisations pay the ransom fee once they have encrypted files on the victim’s network, perhaps by targeting and destroying data backups first, or by stealing sensitive information and threatening to release it.

Falanx Assynt is a global intelligence consultancy and leading provider of geopolitical, strategic and business risk analysis since 2003. Falanx Assynt is part of Falanx Group Ltd (LON:FLX) which, through its subsidiaries, provides cyber defence and intelligence services to blue chip and government clients worldwide.

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