#InsuranceCoverage

American Radio Relay League Paid $1 Million to Ransomware Gang

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August 26, 2024 at 09:12AM The American Radio Relay League (ARRL) recently disclosed paying a $1 million ransom after a ransomware attack in May 2024. The attack disrupted internal systems, leading to encrypted devices. ARRL stated that the attackers compromised on-site and cloud-based systems prior to the attack. The association has taken measures for system … Read more

How Data Changes the Cyber-Insurance Market Outlook

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October 16, 2023 at 10:08AM The global cyber insurance market is growing rapidly, expected to reach $84.62 billion by 2030. However, many companies are uncertain about how much coverage they need, and insurers struggle to assess individual risk. This has led to significant losses in the cyber insurance market. Rates have spiked due to increased … Read more