Is Property Damage After Ransomware Attack Covered? Another Federal Court Says "YES"

Another Federal Court said property damage covered by traditional business property insurance would cover Ransomware recovery for damaged hardware and software. The case has been reported in our blog and today’s article in the National Law Review tells why. Due to the increase in payouts and incidents in Ransomware insurance carriers are getting edgy and many are raising rates considerably or totally changing their cyber policies. This is going to generate a lot of claims and likely appeals by the insurance carriers.


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