There is no question about it. Cybercrime can be a very lucrative career choice—if you don’t mind participating in illegal activity or the possibility of getting arrested. Unfortunately with the growth in Ransomware as a Service (RaaS) and the breadth of the cybercrime ecosystem, the challenge is not going away anytime soon.
As ransomware attacks and cybercrime have skyrocketed over the past few years, some organizations are feeling compelled to purchase cyber insurance, which is designed to cover the costs resulting from a successful cyberattack. A cyber insurance policy coverage usually includes costs related to the remediation process, such as paying for the investigation, crisis communication, legal services, and refunds to customers.
