Ransomware Attacks on the Rise: Will Cyber Insurance Protect You?
By EsqSocial Corporation 04/05/21
In just one year, ransomware attacks reported to the New York State Department of Financial Services (“DFS”) have almost doubled. In these incidents, a cyber-attacker installs malware that encrypts a victim’s computer systems or files and then demands a fee, or ransom, to unlock the encrypted data. Fortunately, cyber insurance that expressly covers the risk of ransomware has been widely available in recent years....
By: Kelley Drye & Warren LLP