cyber-insurance

Tale of the Tape Hackers have kicked some big time ass against major American companies in the past 10 years. JP Morgan Chase, Capital One, Equifax, Uber, LinkedIn, eBay are just a few of the large corporate victims. Just in 2021 many corporate IT hacks have made the headlines with the Colonial Pipeline hack being the most recent. Well, that was, until JBS a major American meat processing plant revealed it had also been breached just days ago. Colonial Pipeline CEO confirmed the company paid $4.4 million ransom.  CNA Financial, one of the largest insurance companies in the US, reportedly paid hackers $40 million after a ransomware attack. Information on whether Acer ended up paying the ransom for their breach in March 2021 seems hard to come by but, the initial ransom demand was $50 million and included a threat to increase the demand to $100 million. If Acer did…