KnowBe4 - Cyber Insurance: Is Paying a Ransom Counter-Productive?

Cyber Insurance: Is Paying a Ransom Counter-Productive?

Food for thought as discussed on May 18, 2023, an article posted in The Australian Insurance Council: Banning paying a ransom to cyber hackers is counter-productive where Andrew Hall, the Chief Executive of the Insurance Council of Australia (ICA), stated that “attempts to ban businesses from paying ransoms for cyber attacks risks eroding trust and relationships with government.”



from KnowBe4 Security Awareness Training Blog https://blog.knowbe4.com/cyber-insurance-paying-a-ransom-counter-productive

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