Re:US travel firm $4.5M ransom negotiation open chat
by yzmtf2008 on Sunday August 02, 2020 @09:30PM
(#24033307)
An insurance would be a much better idea than what OP suggested.
[ Parent
| on HN ]
Re:US travel firm $4.5M ransom negotiation open chat
by tantalor on Sunday August 02, 2020 @09:52PM
(#24033442)
Cyber insurance is already a thing.
Even though not paying the ransom is recommended, some companies are instead paying the ransom as part of their insurance coverage. For example, earlier this year Lake City, Florida was a victim of a ransomware attack. After receiving approval from their insurer. Lake City paid $460,000 in order to restore their systems. Since they had cyber insurance, the city only had to pay a $10,000 deductible.