This week, I received a call from a client of mine who is a doctor. It went something like this:
On Thursday of last week, his computer system was held at ransom because one of his employees unknowingly downloaded ransomware. The criminals told him that he had 24 hours to send them $15,000 of bitcoin or his data would be erased! He felt that he had no choice but to fulfill their demands. After sending them the bitcoin, their software was released back to them. Was this ransomware attack costing them $15,000 covered by their commercial insurance?
Unless your insurance policy includes Cyber Liability, this kind of attack is likely not covered.
Contact us or get a Cyber Liability quote now.