insurance

Cyber Insurance, Cyber Warfare, and Modern IT Needs

https://www.acronis.com/en-us/cyber-protection/Insurance company cites act-of-war to deny ransomware damages claim

You purchased cyber insurance to protect your business, just like you bought health insurance to protect yourself and your family. However, in the same way that health insurance can deny a procedure or medication, cyber insurers may deny your claims for business disruption arising from cyberattacks. 

Security professionals talk about cybercrime as though it’s a war, an ongoing battle against malicious actors. Apparently, insurance companies now agree.