Yes, many commercial cyber insurance policies include coverage for ransomware extortion demands, but payouts are subject to strict regulatory, legal, and contractual conditions. Policies will only reimburse or fund ransom payments if the extortion event involves an approved threat actor, complies fully with local government and international sanctions laws (such as restrictions involving specific foreign entities), and is coordinated closely with pre-approved crisis negotiators and legal breach counsel retained by the insurance carrier.
1 votes
Marked as accepted