Will Cyber-Insurance Continue to Pay Out for Ransomware Attacks?
Colonial Pipeline, the biggest U.S. fuel pipeline, fell victim to a ransomware attack a few weeks ago in which it ultimately paid $4.4 million to its attackers. While the company reportedly had cyber-insurance protection through broker Aon and Lloyd’s of London, it is unknown whether it relied on its policy in paying the ransom. Additionally, just yesterday, JBS, the world’s largest meat supplier, became the latest ransomware attack victim. These recent high-profile attacks h