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Cyber insurance claims are declining as firms take ransomware recovery into their own hands

While more organizations than ever have cyber insurance, the number of claims is falling as companies refuse to make ransom payments and tackle recovery themselves. According to Databarracks’ Data Health Check – an annual survey of 500 UK IT decision makers – two-thirds report having insurance specifically for cybersecurity in 2024, a figure that’s surged from 51% over the past…