Does the availability of ransomware insurance inadvertently encourage more attacks?
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Does the availability of ransomware insurance inadvertently encourage more attacks?
The availability of ransomware insurance can potentially incentivize cybercriminals to launch more attacks. Some experts argue that having insurance coverage may make businesses more willing to pay ransoms, thus fueling the ransomware ecosystem. However, others believe insurance can also be a crucial tool in helping organizations recover from attacks and mitigate financial losses. Overall, the impact of ransomware insurance on cyberattack rates is a complex issue influenced by various factors.