Insurers run from ransomware cover as losses mount

By on
Insurers run from ransomware cover as losses mount

Halve the amount of cyber cover they provide.

Insurers have halved the amount of cyber cover they provide to customers after the pandemic and home-working drove a surge in ransomware attacks that left them smarting from hefty payouts. Faced with increased demand, major European and US insurers and syndicates operating in the Lloyd's of ...

Hi! You've reached one of our premium articles. This is available exclusively to subscribers.

It's free to register, and only takes a few minutes.

Once you sign up you'll have unlimited access to the full catalogue of Australia's best business IT content, as well as a daily news bulletin delivered straight to your inbox.

Register now
Got a news tip for our journalists? Share it with us anonymously here.
Tags:
insurance losses ransomware security

Sponsored Whitepapers

Understanding the next security control points: applications and workloads
Understanding the next security control points: applications and workloads
Best security practices after rapid Digital Transformation
Best security practices after rapid Digital Transformation
The CISO View 2021 Survey: Zero Trust and Privileged Access
The CISO View 2021 Survey: Zero Trust and Privileged Access
How and why to backup your Office 365 tenant
How and why to backup your Office 365 tenant
ForgeRock for Australia’s Trusted Digital Identity Framework (TDIF)
ForgeRock for Australia’s Trusted Digital Identity Framework (TDIF)

Events

Most Read Articles

Gravatar profile add-on leaks data on millions of users

Gravatar profile add-on leaks data on millions of users
Aussie Broadband makes formal $344m bid for Over The Wire

Aussie Broadband makes formal $344m bid for Over The Wire
Telstra, Optus, TPG Telecom advised to make coverage maps directly comparable

Telstra, Optus, TPG Telecom advised to make coverage maps directly comparable
Perth Mint CIO leaves after five months

Perth Mint CIO leaves after five months

Digital Nation

Catastrophic governance failures are rooted in organisational culture
Catastrophic governance failures are rooted in organisational culture
COVER STORY: Automation drives marketing success but complexity torments delivery
COVER STORY: Automation drives marketing success but complexity torments delivery
Fringe innovation unlocks power of diverse thinking
Fringe innovation unlocks power of diverse thinking
Case Study: Intrepid Group uses global travel shutdown to reimagine HR function
Case Study: Intrepid Group uses global travel shutdown to reimagine HR function
Case Study: Keeping CPA's board up to date about cybersecurity risks
Case Study: Keeping CPA's board up to date about cybersecurity risks

Log In

Email:
Password:
  |  Forgot your password?