According to a research study by Sophos, a UK-based IT security services and hardware provider, cyber insurance policies are changing the way manufacturing is protecting their networks. As ransomware threats keep coming, companies are buying cyber insurance policies to protect against costly ransomware attacks that can drive them out of business. Seventy percent of hacked food and beverage companies will go out of business within a year of the attack, according to Capstone Logistics.
Cyber insurance helps a company get back to its previous state. These policies protect the confidentiality, integrity and availability of computer systems, networks, and data against cyberattacks and ransomware.