BACKGROUND:
A research paper by defence think tank Royal United Services Institute (RUSI) examining cyber insurance and the cybersecurity challenge has found that cyber insurance isn’t just encouraging cyber criminals, it’s also not sustainable for the cyber insurance industry.
“To date, cyber insurance has failed to live up to expectations that it may act as a tool for improving organisations’ cyber security practices,” RUSI said. And it warned: “Cyber insurers may be unintentionally facilitating the behaviour of cybercriminals by contributing to the growth of targeted ransomware operations.”
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