Author: kristiegiles5
BlackBerry Cyber Insurance Study Reveals Businesses Hope for Greater Assistance in Paying Ransomware Demands
WATERLOO, ONTARIO – WEBWIRE – Friday, August 12, 2022
BlackBerry Limited (NYSE: BB; TSX: BB) and Corvus Insurance today released the BlackBerry Cyber Insurance Coverage study, showing businesses are increasingly concerned about how they will meet ransomware demands. Only 19 percent of those surveyed have ransomware coverage limits above $600,000, while over half (59 percent) hoped the government would cover damages when future attacks are linked to other nation-states.
Small-to-medium sized businesses (SMBs) who have become a favorite criminal target are especially feeling the heat. Of businesses with under 1,500 employees, only 14 percent have a coverage ... Read more