Last week Delaware County, Pennsylvania, joined a growing list of entities struck by ransomware. The Philadelphia suburb announced that it paid $500,000 to regain full access to its network after hackers encrypted police reports, payroll and expense databases and other files. However, the ransom payment was covered by the municipality’s insurance, according to local media.

Ransomware payment coverage is fairly common in most cybersecurity insurance polices as more organizations, including municipalities and law firms  fall victim to cyberattacks. But some observers argue such payments are incentivizing hackers and creating more ransomware opportunities.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Advance® Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]