SUMMARY - Cyber Insurance and Risk Management
A mid-sized manufacturer suffers a ransomware attack that encrypts production systems and demands payment in cryptocurrency. The company's cyber insurance policy covers the ransom, the incident response costs, the business interruption losses, and the forensic investigation. Without insurance, the attack might have bankrupted the company. With insurance, it survives to operate another day, though questions linger about whether the easy availability of ransom payment encouraged the attack in the first place.