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The list of high-profile ransomware attacks grows longer and more alarming by the week, impacting everything from gas pipelines and meat supplies to ferries. Those companies and agencies that get hit must scramble to protect their systems and a tough decision on whether to pay hackers to remove the disruption.
In the face of that situation, affected companies may rush to reach out to their IT teams, police, crisis PR, lawyers and law enforcement. But, frequently, one of the first calls is to their insurance provider.
Companies often purchase specific cyber insurance plans to help protect their systems and cover any losses from a cyberattack. And ransomware, which allows hackers to take over computer systems (or even physical infrastructure) and extract fees running into the millions of dollars to unblock them, has only boosted the demand for that insurance.
This guide covers various ransomware attacks, including Colonial Pipeline, WannaCry and Petya, the systems hackers target and how to avoid becoming a victim and paying cybercriminals a ransom.
The list of high-profile ransomware attacks grows longer and more alarming by the week, impacting everything from gas pipelines and meat supplies to ferries. Those companies and agencies that get hit must scramble to protect their systems and a tough decision on whether to pay hackers to remove the disruption.