How Cyber ​​Insurance Is Evolving Amid Ransomware Tsunami – Virtualization Review

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How cyber insurance is evolving amid the ransomware tsunami

With the recent rise in ransomware attacks, insurance companies have received some huge payouts, so they are cracking down on rules and regulations to reduce their exposure.

“Remember that a lot of what we just talked about in terms of cyber security and cyber insurance is 100 percent different than it was five or six years ago,” said the IT expert John O’Neill Sr. during yesterday’s half-day online summit presented by Review of virtualization and cloudwith the title “Modern hybrid cloud data backup and recovery,” now available for on-demand viewing.

O’Neill Sr., Chief Technologist at AWS Solutions, presented with a partner David KawulaManaging Principal Consultant at TriCon Elite Consulting.

Hardware…



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