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cyberattacks: Insurers negotiate with hackers as cyber claims rise

Insurers are tying up with agencies that act as intermediators to interact with hackers, or “threat actors”. These agencies help in negotiating with the hackers when they dont release the key after stealing data. At least 5-10 cases involving large sums of money had been settled through such negotiations in a little over a year, experts told ET.

Detection and response tools increasingly important as cyber claims surge: Allianz

Ransomware incidents rising again as criminals use data exfiltration and supply chain attacks to maximize their leverage. Allianz Commercial.

Detection and response tools increasingly important as cyber claims surge: Allianz -October 25, 2023 at 04:21 am EDT

Ransomware incidents rising again as criminals use data exfiltration and supply chain attacks to maximize their leverage. Allianz Commercial analysis of large cyber losses shows the number of cases.

Detection and response tools vital as cyber claims surge: Allianz

Following two years of high but stable loss activity, 2023 has seen a worrying resurgence in ransomware and extortion claims as the cyber threat landscape continues to evolve, Allianz Commercial warns in a new report.

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