Security News > 2020 > August > Think carefully about cyber insurance, says NCSC. But don't worry about buying off ransomware crooks

The National Cyber Security Centre has urged British businesses to think carefully when picking a cyber insurance policy - but won't say whether insurance that covers ransomware payoffs is a bad thing or not.

Taking the form of seven questions for businesses published on the NCSC website, the latest guidance urges companies to ponder security-specific things when deciding what insurance policy to take out.

NCSC was rather coy when The Register asked what its position was on cyber insurance products that pay ransom demands made by criminals.

NCSC advice on cyber insurance in general is aimed at non-techies and managers.

As Christophe Madec, client director at French insurance broker Besse told France's FIC conference in February: "In liability insurance damages, we know the price of a liability [for] car insurance. For cyber, it's a little bit more vague."

News URL

https://go.theregister.com/feed/www.theregister.com/2020/08/06/ncsc_cyber_insurance_guidance/