But it’s not. Most of the insured damages in cyber insurance are not for paying the ransom, but reputation also damage, liability, etc.
The ransom is nothing.
The ransom is nothing.
For example, a policy might cover the cost of a crisis management PR team. Or it might cover the cost of rebranding, including corporate reorganization.
A wide ranging reputational risk policy can become very expensive, very fast.
https://advisorsmith.com/what-is-reputational-risk-insurance...