The report by Valéria Faure-Muntian (37-page / 1.4MB PDF) – deputy of the Loire and president of the Insurance Study Group of the National Assembly – makes a number of recommendations on cyber attack responses. The National Agency for the Security of Information Systems (ANSSI) said that the number of cyber-attacks has quadrupled since the beginning of the Covid-19 pandemic, and that 2020 saw a 225% increase in reports of ransomware attacks compared to 2019.
But technology expert Annabelle Richard has said that companies sometimes have little choice in how they respond, in particular to ransomware attacks.
“It is easy to understand the position of the authors of this report regarding the assumption of ransom payments by cyber insurance and the various risks that this generates,” she said. “Nevertheless, it should not be forgotten that for a number of organisations, non-payment of the ransom is not an option because it is the only way for them to recover their data.”
“Unfortunately in France many organisations are not mature enough in terms of preparing for a cyber incident. As a result, prohibiting the payment of ransoms by their insurers could cause serious…
