(CNN Business) The most critical moment in a ransomware negotiation usually comes long before the victim and the hackers discuss a price. The FBI and cybersecurity experts strongly discourage paying off ransomware attackers, mostly because it encourages further attacks. The virtual negotiation tableA ransomware negotiation rarely results in a ransom demand completely going away. The 'double-edged sword' of cyber insurance policiesAs ransomware attacks have increased, so has demand for cybersecurity insurance. Cybersecurity insurance is now a multibillion-dollar industry, according to Morgan Wright, chief security advisor at the cybersecurity firm SentinelOne.

Source: CNN July 13, 2021 17:03 UTC