Abstract
The main purpose of this article is to analyze ransomware risk and its impact on the loss ratio in cyber insurance. To achieve this goal, the article indicates the scale of the threat of ransomware attacks and the prospects for change in the field of cyber insurance protection. Methodologically, the focus is on analysis and literature studies in order to properly describe and classify cyber threats, including ransomware risk. Statistical data were analyzed to find the scale of ransomware threats. Through the analysis, attention was drawn to the need for changes in the approach to cyber risk by both entrepreneurs and insurance companies. The originality of the study lies in its attempt to capture the necessity of changes in the field of cyber insurance, and justify their introduction. A research gap was identified, as the problem of ransomware attacks became particularly acute during the COVID-19 pandemic.
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