How cyber insurers are adapting to the brand new ransomware playbook

Verizon’s information breach investigations report corroborates this commentary. The report famous that solely 36% of organizations in 2024 paid ransom, up from half beforehand, and median payouts fell from $150,000 to $115,000. Equally, insurer At-Bay noticed 19% extra ransomware incidents and a 13% improve of their severity, but additionally reported fewer payouts.