No evidence organizations with cyberinsurance more likely to pay ransom

“Cyber insurance is not fueling the ransomware epidemic by encouraging victims to pay ransoms, but it’s also not instilling ransom discipline in insureds across the market,” concludes the 84-page RUSI report. “This reflects a lack of collective action on ransomware response and a failure to share best practices more widely. However, there’s growing evidence that insurance is playing a more positive role in raising minimum cyber security standards, particularly among SMEs.”