Ransomware Resilience Reduces Cyber Insurance Claims Significantly

Monday, 19 August 2024, 04:30

Ransomware resilience has led to a notable decline in cyber insurance claims. In the UK, businesses are increasingly refusing ransom payments, resulting in claims dropping by over a third between 2022 and 2024. This shift highlights the evolving landscape of cybersecurity and insurance in the face of ransomware threats.
Infosecurity-magazine
Ransomware Resilience Reduces Cyber Insurance Claims Significantly

Ransomware Resilience Impacting Cyber Insurance

Ransomware resilience is changing the cyber insurance landscape. As businesses bolster their defenses, the trend of declining claims is evident. In the UK, claims have fallen by over a third from 2022 to 2024. This significant drop reflects a growing refusal from companies to pay ransoms, indicating a shift in the cybersecurity strategy.

Bolstering Cyber Defense Strategies

With increased awareness and improved defense mechanisms, businesses are prioritizing resilience.

  • Investing in robust security solutions
  • Training employees on security protocols
  • Developing incident response plans

This proactive approach not only mitigates risk but also reduces reliance on insurance claims.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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