> At around the same time, Paris-based insurance giant Axa said "non" to French companies looking to buy its cyber insurance amid concerns that paying out when trouble hits was contributing to the explosion in cybercrime.
To those who already have an insurance contract it may be 1/10 the cost - going forward it may be more difficult to get, and if it is available have a higher risk of not having the insurees claim paid while tied up in court (did the insuree follow the contract's security precaution obligations?).
Biting the hand that feeds IT
