this post was submitted on 17 Aug 2023
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Good point about the cyber-insurance aspect of things perpetuating the problem.
I don't have hard data but I believe this will be a thing of the past soon enough. With ransomware being so common an issue now & the requirements to obtain said insurance getting harder to meet, I could see that not being a viable or cost-effective solution to restoring service.
I hope you're right that it does phase out. Here is evidence that having cyber insurance makes you more of a target.
DS: Do your operators target organizations that have cyber insurance?
UNK: Yes, this is one of the tastiest morsels. Especially to hack the insurers first—to get their customer base and work in a targeted way from there. And after you go through the list, then hit the insurer themselves.
Interview
That is an excellent interview ... Thanks for sharing.
That certainly adds to the whole problem with payouts.