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:
insurancelossesransomwaresecurity

Sponsored Whitepapers

Planning before the breach: You can’t protect what you can’t see
Planning before the breach: You can’t protect what you can’t see
Beyond FTP: Securing and Managing File Transfers
Beyond FTP: Securing and Managing File Transfers
NextGen Security Operations: A Roadmap for the Future
NextGen Security Operations: A Roadmap for the Future
Video: Watch Juniper talk about its Aston Martin partnership
Video: Watch Juniper talk about its Aston Martin partnership
Don’t pay the ransom: A three-step guide to ransomware protection
Don’t pay the ransom: A three-step guide to ransomware protection

Events

Most Read Articles

Kmart Australia stands up consent-as-a-service platform

Kmart Australia stands up consent-as-a-service platform
Telstra to open its 5G network to wholesale customers

Telstra to open its 5G network to wholesale customers
NSW digital driver's licences 'easily forgeable'

NSW digital driver's licences 'easily forgeable'
Active Directory defaults lead to no-fix PrivEsc vulnerability

Active Directory defaults lead to no-fix PrivEsc vulnerability

Digital Nation

COVER STORY: From cost control to customer fanatics, AI is transforming the contact centre
COVER STORY: From cost control to customer fanatics, AI is transforming the contact centre
Metaverse hype will transition into new business models by mid decade: Gartner
Metaverse hype will transition into new business models by mid decade: Gartner
Case Study: PlayHQ leverages graph technologies for sports administration
Case Study: PlayHQ leverages graph technologies for sports administration
As NFTs gain traction, businesses start taking early bets
As NFTs gain traction, businesses start taking early bets
The other ‘CTO’: The emerging role of the chief transformation officer
The other ‘CTO’: The emerging role of the chief transformation officer

Log In

  |  Forgot your password?