Insurers unprepared for challenges of underwriting ransomware

In the paper, Cyber insurance and the cyber security challenge, which is available for the public to download here, Rusi cyber analyst Jamie MacColl, associate fellow Jason Nurse (also associate professor in cyber security at the University of Kent) and cyber research director James Sullivan argue that as the sector matures cyber insurance has the potential to fulfil a role played by insurers in other industries, such as rewarding good risk management or offering financial benefits – or even specialist knowledge and assistance – to organisations that have implemented better security controls and standards.