Insurers look to curb ransomware exposure as US cyber premiums rise

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

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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