Insurance for ransomware payments is getting harder to come by - a podcast by Marketplace

Throughout the pandemic we’ve seen hospitals, pipelines and other critical infrastructure hit with ransomware attacks. Just this past week, meat processor JBS and a ferry operator in Massachusetts were targets. Hackers often target companies with insurance because they know they’re more likely to pay their often multimillion-dollar demands. Marketplace’s Amy Scott speaks with James Rundle, who covers corporate cybersecurity at The Wall Street Journal. He says the increase in attacks has had a real impact on the cyber insurance market. Premiums are rising, and some insurers won’t cover ransom payments anymore.

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