At least one insurance company will cover the costs from a cyberattack against one of its clients.
A Maryland federal judge on Thursday ruled that an Ohio insurer must cover the costs following a ransomware attack that forced a client to replace much of its technology. State Auto Property & Casualty Insurance is on the hook for losses incurred by National Ink & Stitch, a Maryland screen printing business, after a 2016 hack resulted in “direct physical loss or damage” of National Ink & Stitch’s property.
