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Kidnap and Ransom Insurance in the Age of Cyber Extortion

Kidnap and Ransom Insurance in the Age of Cyber Extortion

Quick Overview

It used to be that the exposure of kidnap and ransom was about providing coverage just in case the CEO, CFO, or their spouse were taken hostage by bad people. Today, the bad people are still taking hostages, but now it's more about taking your network hostage until you come up with 100 bitcoin.

Join us as Joe Harrington opens our eyes to the world of kidnap and ransom in an era of ransomware.


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Duration 1 hour
Location Online Webinar
Formats On-Demand
Instructor Joe HarringtonJoe Harrington

Insurance for "kidnap and ransom" developed as a specialty line to address the risk of prominent people and international businesspeople being kidnapped for ransom by criminals and political actors. With the recent surge in "ransomware" attacks on computer networks, managing extortion demands has become a concern for a broader range of organizations.

This session will describe the origins and evolution of "K&R" coverage and discuss its impact on public policy regarding dealings with extortionists. The seminar will then discuss current developments and distinctions in coverage for cyber extortion and other forms of extortion. 

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