Protect Assets Instantly With Cyber Liability Ransomware Coverage

Real-World Examples

In 2021, a major US pipeline operator suffered a ransomware attack that led to fuel shortages and significant economic disruption. The company reportedly paid a $4.4 million ransom³, highlighting the potential costs and the importance of having adequate insurance coverage. This incident serves as a stark reminder of the real-world impacts of ransomware and the critical role of cyber liability insurance in mitigating these risks.