The business pages have been full in recent months with tales of cyber extortion and ransomware. In an effort to try to explain these developments, some commentators have suggested that the availability of ransomware coverage under cyber insurance is a cause of the problem. In the following guest post, Paul Ferrillo takes on the question of the role of cyber insurance availability in the proliferation of ransomware incidents. Paul is a partner in the securities litigation group at the Seyfarth Shaw law firm. I would like to thank Paul for allowing me to publish his article as a guest post on this site. I welcome guest post submissions from responsible authors on topics of interest to this blog’s readers. Please contact me directly if you would like to submit a guest post. Here is Paul’s article.
Continue Reading Cybersecurity Insurance Did NOT Cause the Ransomware Plague