Enterprise organizations are increasingly concerned about how they will meet ransomware demands — even those with cyber insurance. Only 19% of businesses surveyed have ransomware coverage limits above $600,000, while over half (59%) hoped the government would cover damages when future attacks are linked to other nation-states.
The BlackBerry Cyber Insurance Coverage study, released by BlackBerry and Corvus Insurance, surveyed 450 information technology (IT) and cybersecurity decision-makers about their cyber insurance coverage and ransomware protection levels.