Companies Attempt To Recoup WannaCry Losses Through K&R Policies

Companies without cyber insurance are reportedly making claims through their ransom, extortion and kidnap insurance policies in the hopes of recouping losses from WannaCry and other ransomware. Aside from the expense associated with cyber insurance, many companies don’t think to buy it as they don’t feel that they would be the target of this type of attack or data breach. When those companies find themselves to be victims of cyber attacks like the recent WannaCry disaster that froze out over 200,000 computers across over 150 nations, they look to their extortion, ransom and kidnap insurance.