The Connection Between Ransomware and Cyber Insurance Claims in 2020
October 20, 2020
Carlton Fields cybersecurity attorney Jack Clabby was quoted in a Cyber Florida article about a recent spike in ransomware attacks and the resulting cyber insurance claims.
“In my practice, there [are] three things that we’ve seen happen with ransomware this year,” Clabby said. “One, we’ve seen more incidents of ransomware occurring. Two, we’ve seen larger dollar amounts for ransom by one or two extra zeros than we’ve ever seen before. And three, we’re seeing new forms of ransomware where it’s not just locking up the system but locking up the system and then threatening to post the data they’ve taken unless the extortionate ransom is paid.”
READ: Cyber Florida, “The Connection Between Ransomware and Cyber Insurance Claims in 2020”
