AXA axes ransomware insurance. Who’s next? - TechBeacon

End of the beginning? Huge multinational insurance firm AXA Group has announced it will no longer write cyber-insurance policies that pay out extortionate #ransoms to hackers. So far, this applies only to France, but observers wonder if the strategy will spread.

As the #French say, /pour encourager les autres/. And, yes, it might well encourage other insurers to get serious about this knotty problem.

In this week’s #SecurityBlogwatch, we’re careful with that AXA, Eugene. At @TechBeaconCom: https://t.co/5xFlrCRVrl

— @Richi 😷 Jennings (@RiCHi) May 13, 2021