Insurers look to curb ransomware exposure as US cyber premiums rise

By Suzanne Barlyn on Jan 23, 2020 7:00AM

Insurers look to curb ransomware exposure as US cyber premiums rise

Rates surge by as much as 25 percent after rash of costly claims.

US insurers are ramping up cyber-insurance rates by as much as 25 percent and trying to curb exposure to vulnerable customers after a surge of costly claims, industry sources said. The changes follow a challenging year of hackers using malicious programs, known as ransomware, to take down ...

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