Can somebody explain these ransomwear attacks?

Fri Jun 25 19:33:15 UTC 2021

On Fri, Jun 25, 2021 at 10:43 AM Tom Beecher <beecher at beecher.cc> wrote:

> Incompetent insurance companies combined with incompetent IT staff and
>> under-funded IT departments are the nexus of the problem.
>>
>
> Nah, it's even simpler. It's just dollars all around. Always is.
>

Agreed.

> From this company's point of view, the cost to RECOVER from the problems
> is so much smaller than it would be to prevent the problems from happening
> to begin with, so they are happy to let you guys handle it. From the
> insurance company's point of view, they are collecting premiums, but no
> claims are being filed, so they have no incentive to do anything
> differently.
>

I'm sure that'll change drastically if either of these conditions are true:
* A claim is filed
* An audit is required
* Ransomware surges throughout 2021 and payouts go through the roof

I think it's reasonable to expect at least one of those things will happen
in the next year.

-A

>
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