Insurers run from ransomware cover as losses mount

By
Follow google news

Halve the amount of cyber cover they provide.

Insurers run from ransomware cover as losses mount
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

Add iTnews as your trusted source

Add iTnews As Your Trusted Source Add iTnews As Your Trusted Source
Got a news tip for our journalists? Share it with us anonymously here.
Tags:
insurancelossesransomwaresecurity

Sponsored Whitepapers

The biggest AI opportunities are still ahead
The biggest AI opportunities are still ahead
Beyond RAG basics: Strategies and best practices for implementing RAG
Beyond RAG basics: Strategies and best practices for implementing RAG
AI Workflows vs AI Agents Whitepaper
AI Workflows vs AI Agents Whitepaper
Context Engineering with Hybrid Search for Agentic AI
Context Engineering with Hybrid Search for Agentic AI
Building AI-powered Search Experiences
Building AI-powered Search Experiences

Events

Most Read Articles

Services Australia describes fraud, debt-related machine learning use cases

Services Australia describes fraud, debt-related machine learning use cases
Medibank reveals attack vector and cost of 2022 security breach

Medibank reveals attack vector and cost of 2022 security breach
USB stick opens Windows BitLocker drives in new zero-day

USB stick opens Windows BitLocker drives in new zero-day
'ClickFix' attack tricks users into hacking themselves, ACSC warns

'ClickFix' attack tricks users into hacking themselves, ACSC warns
techpartner.news logo
Sydney-based AI-cloud waste startup raises $3m
Sydney-based AI-cloud waste startup raises $3m
Brennan uses NiCE to modernise its contact centre
Brennan uses NiCE to modernise its contact centre
Impact Awards: Tecala slashes customer response times for fintech IQumulate
Impact Awards: Tecala slashes customer response times for fintech IQumulate
Interactive introduces private cloud platform
Interactive introduces private cloud platform
Digital61 expands cybersecurity portfolio
Digital61 expands cybersecurity portfolio

Log In

  |  Forgot your password?