Protect Wealth with Cyber Liability Insurance’s Ransomware Benefits

Real-World Examples

Consider the case of the Colonial Pipeline attack in 2021, where a ransomware attack led to fuel shortages across the U.S. East Coast. The company reportedly paid a ransom of $4.4 million to regain access to their systems³. This incident underscores the critical need for businesses to have a comprehensive cyber risk management strategy, including cyber liability insurance, to mitigate such risks.