Driven by the work from home trend, ransomware attacks surged by over 400% in 2021, causing insurers to scale back coverage, raise premiums, and requiring strict new standards to purchase coverage. What should Ohio businesses be doing to keep their cyber insurance policies? Let’s take a deep look.
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To counter the threat of ransomware, some businesses have started to rely on cyber insurance policies, which will compensate them for all the costs associated with recovering from a ransomware attack, such as hardware costs, engineering manhours, forensic work, and others. Just a few years ago that may have been a sound strategy, but no longer.
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