The rise of ransomware has taken a significant toll on the insurance sector, with numerous claims filed by cyber-insurers. This phenomenon is primarily driven by the consequences of third-party breaches affecting policyholders. The direct damage caused by ransomware attacks can be severe, resulting in substantial financial losses for individuals and organizations.However, it's essential to acknowledge that the root cause of these issues often lies elsewhere in the inadequate cybersecurity measures put in place by those affected. This highlights a pressing need for improved security protocols among both policyholders and the insurance industry as a whole.As the frequency and severity of ransomware attacks continue to escalate, it is crucial to address this pressing issue head-on. Failure to do so may result in far-reaching consequences for individuals, businesses, and the broader economy.