Threat actors are now not only encrypting critical business systems, but also backups. They’ve brought businesses to a standstill, leaving some non-operational and really, with no good options for recovery. In many cases, it’s been pay the ransom to obtain a decryption key — or go out of business.
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AXA halts ransomware crime reimbursement in France
Cerberus last edited by
Global insurance company AXA said Thursday it will stop writing cyber-insurance policies in France that reimburse customers for extortion payments made to ransomware criminals.
@cerberus An interesting / worrying stance. This could well set (something of a negative) precedent across the insurance industry with other countries and underwriters following suit.