No evidence organizations with cyberinsurance more likely to pay ransom

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“Cyber insurance is not fueling the ransomware epidemic by encouraging victims to pay ransoms, but it’s also not instilling ransom discipline in insureds across the market,” concludes the 84-page RUSI report. “This reflects a lack of collective action on ransomware response and a failure to share best practices more widely. However, there’s growing evidence that insurance is playing a more positive role in raising minimum cyber security standards, particularly among SMEs.”