Are all ransomware-related costs, such as ransom payments or system recovery, fully covered under standard cyber insurance policies?
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Are all ransomware-related costs, such as ransom payments or system recovery, fully covered under standard cyber insurance policies?
Most standard cyber insurance policies do provide coverage for ransomware-related costs, including ransom payments and system recovery. However, coverage can vary significantly between policies and insurance providers. It is important for individuals and businesses to carefully review the terms and conditions of their cyber insurance policy to understand what is covered and any limitations or exclusions that may apply. Some policies may have specific conditions for coverage related to ransomware attacks, such as requirements for proper security measures to be in place.