![]() ![]() Their goal is to circumvent the backup process and force a payment. Threat actors have evolved, and are attempting to encrypt backups along with the rest of a business’s files. This is obvious, but there is more to the story. While requirements vary amongst cyber insurers, one of the most common pre-requisites to coverage is a robust backup and recovery system. Cyber events such as ransomware can have a devastating impact on a business causing financial losses, reputational damage, and legal consequences.Ĭyber insurance can help to protect businesses from some of the financial losses associated with a cyber event. In today's digital world, businesses of all sizes are at risk of cyber-attacks. ![]()
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