Developing Strategies and Devising Coverages to Combat Ransomware Threats

Some of the topics to be discussed are:

• Understanding the newest risk in ransomware attacks
• Addressing system failures and inability to access computers and data
• Assessing system failures from the vendor perspective
• Building and testing proper business continuity
• Exploring the method of demanding ransom in the form of bitcoins
• Utilizing blockchain technology to trace ransom attacks
• Re-drafting cyber policies and tightening exclusions in cyber policies after the surge in ransomware attacks
• Analyzing kidnapping and ransomware coverage to include ransomware attacks and the resulting litigation that follows
• Retaining the appropriate forensic experts to identify the vulnerabilities and strengthen the weaknesses in an internal system
• Implementing risk management and better training for employees to reduce cyber attacks, phishing emails, viruses, and other data breaches