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In yet another troubling decision to the crime insurance industry, on Dec. 6, a federal district court, applying Oregon law, found coverage for a ransomware payment under a Computer.
Energy companies in the power and oil and gas sectors are leading targets of cyberattacks, as threats to critical infrastructure systems continue to rise. A 2021 report by a third-party.
In G&G Oil Co. of Indiana, Inc. v. Continental Western Insurance Co., the Indiana Supreme Court confirmed that silent cyber; insurance industry’s term for circumstances when losses due to cyberattacks are covered by policies not marketed as cyberinsurance – extends to losses due to ransomware.