The scope and sophistication of ransomware attacks have grown dramatically in recent years, with attacks on critical infrastructure, including Colonial Pipeline, prompting a strong government response. To assist companies in navigating these challenging waters, in this second article of our two-part series, we cover insights offered by speakers at a Strafford webinar on the government’s efforts at addressing ransomware and other cyber risks, and the role of cyber insurance. In part one, we discussed the evolving ransomware threat landscape – including ransomware as a service, the ransom payment calculus and incident response – and the challenges and considerations related to responding to an attack. The program featured Shardul Desai, a partner at Holland & Knight; Rachel V. Rose, a principal at Rachel V. Rose – Attorney at Law, PLLC; and Elizabeth (Beth) Burgin Waller, a principal at Woods Rogers. See our two-part series for fund managers on addressing a ransomware attack: “First Steps to Take When Responding” (Mar. 17, 2022); and “Necessary Precautions, Compliance Considerations and Risks to Mitigate” (Mar. 24, 2022).