target audience: TECH SUPPLIER Publication date: Mar 2024 - Document type: IDC Survey Spotlight - Doc Document number: # US51946424
Why Are More and More Ransomware Claims Being Covered by Cyberinsurers?
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Abstract
This IDC Survey Spotlight highlights the results of a recent IDC survey regarding trends in ransomware claims being covered by cyberinsurers in the market, and the following trends emerged:
- Cyberinsurers are more and more covering a greater majority of the ransomware claims.
- Organizations are becoming more compliant with standard cybersecurity frameworks, increasing the confidence of cyberinsurers.
- Cyber-recovery, a solution area for ransomware cyberattacks, has become better defined and accepted.