Cyber attacks: the French government approves ransom payments
French insurers have been given the go-ahead by the Ministry of Economy to cover the ransoms paid by companies that fall victim to cyber attacks. Ransom payments can only be covered if the victim entity files a complaint.
This decision will be proposed in a new bill to be discussed in Parliament in October 2022. It represents a balance between not wanting to finance the cybercriminals' ecosystem and preventing the death of companies affected by a cyberattack.
It is worth noting that since the beginning of 2022, the French government has been in favor of ransomware compensation by insurance companies, while anti-hacking organizations have called for a ban on this type of coverage.
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Fri, 09/09/2022 - 10:36
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