Insurers cut cyber cover as ransomware losses surge

clock • 3 min read
Insurers cut cyber cover as ransomware losses surge
Image:

Insurers cut cyber cover as ransomware losses surge

Insurance firms are worried about profits as ransomware gangs become more sophisticated

The rise in ransomware incidents and growing sophistication of cyber attacks has forced insurance companies to cut the amount of cover they provide to customers. When faced with the chaos of a p...

To continue reading this article...

Join Computing

  • Unlimited access to real-time news, analysis and opinion from the technology industry
  • Receive important and breaking news in our daily newsletter
  • Be the first to hear about our events and awards programmes
  • Join live member only interviews with IT leaders at the ‘IT Lounge’; your chance to ask your burning tech questions and have them answered
  • Access to the Computing Delta hub providing market intelligence and research
  • Receive our members-only newsletter with exclusive opinion pieces from senior IT Leaders

Join now

 

Already a Computing member?

Login

You may also like
UK business falling short on cybersecurity warns government report

Threats and Risks

A staggering 78% of businesses lack a formal incident response plan

clock 10 April 2024 • 3 min read
IT Essentials: No honour among thieves

Security

The criminal with a conscience doesn't exist

clock 08 April 2024 • 3 min read
Leicester Council confirms ransomware attack

Hacking

Hackers are now publishing stolen data

clock 05 April 2024 • 3 min read

More on Corporate

Broadcom tinkers with VMware licensing terms as EU gets involved

Broadcom tinkers with VMware licensing terms as EU gets involved

Trade groups concerned over unilateral changes to licensing conditions

clock 16 April 2024 • 3 min read
 Microsoft announces new London AI hub

Microsoft announces new London AI hub

New hub is part of ongoing £2.5bn investment in UK

Penny Horwood
clock 08 April 2024 • 3 min read
IT Essentials: Small is beautiful

IT Essentials: Small is beautiful

Whisper it, but things might be looking up for small and medium tech firms

Penny Horwood
clock 25 March 2024 • 4 min read