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The rise of cybercrime and the need for cyber ransom liability insurance

The rise of cybercrime and the need for cyber ransom liability insurance

June 20, 2016

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Over the last few years, the healthcare industry has had its consciousness raised over hacking and cybercriminals, as cybersecurity has been thrust into the spotlight – especially with the recent surge in ransomware attacks, according to Paula E. Litt, a partner with and the leader of the insurance recovery and advisory practice group at Honigman Business Law Firm.

And with this increased awareness, cyber ransom liability insurance has really taken off, Litt said.

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