A Ransomware Attack Could Devastate Your Company. Will Your Insurance Cover It?

Ransomware is a form of electronic kidnapping. Typically, cybercriminals use malicious software to gain access to your company’s computer systems or files and block user access. Hackers hold the systems or files hostage using encryption until the victim organization pays a ransom in exchange for the encryption key. The hackers then – if they are “reputable” criminals – supply the organization with a key that permits the organization to access the systems or files encrypted by the software.