Articles Posted in Ransomware

Published on: February 25, 2022

War Exclusion Does Not Bar Recovery for Losses from a Nation-State Cyber Attack on Pharma Giant and the Effects on Insurance Policies from Increased Globalized Threats of Ransomware

by Philip He and Colin T. Kemp

Philip He

Colin T. Kemp

Over the past few years, ransomware attacks have increased in frequency and demand size. And, increasingly, those attacks have targeted businesses and critical infrastructure organizations from across the globe. This trend is likely to continue. The Cybersecurity & Infrastructure Security Agency noted that cybersecurity authorities in the United States, Australia and the United Kingdom assess that “if the ransomware criminal business model continues to yield financial returns for ransomware actors, ransomware incidents will become more frequent. Every time a ransom is paid, it confirms the viability and financial attractiveness of the ransomware criminal business model.”

Published on: June 3, 2021

Insuring a King’s Ransom: The Role of Cyber Insurance in Ransomware Risk Management

by Aaron D. Coombs and David F. Klein

Aaron D. Coombs

David F. Klein

Hand representing hacker offering old-time key to another hand with cash, with a laptop in background with red screen and lock icon Nearly 700 years ago, England captured King John II of France and held him for ransom for four million écus. But France could not afford to pay, and King John II ultimately traded his two sons as substitute hostages to try and secure his own release.

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