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
Cybersecurity Festival 2024: Four ways to cut your cyber insurance premiums

Finance

Certifications mean nothing without action

clock 08 May 2024 • 4 min read
LockBit leader unmasked

Hacking

Named as Russian national Dmitry Khoroshev

clock 08 May 2024 • 3 min read
Ransomware group publishes stolen data from NHS Dumfries and Galloway on dark web

Hacking

Chief Exec describes publication as “utterly abhorrent criminal act”

clock 07 May 2024 • 2 min read

More on Corporate

AWS sales grow to $25bn in Q1 2024

AWS sales grow to $25bn in Q1 2024

Amazon also reported AWS annual run-rate of $100bn

Penny Horwood
clock 01 May 2024 • 2 min read
Critics dismiss Broadcom's 'anti-cloud' licencing changes for VMware

Critics dismiss Broadcom's 'anti-cloud' licencing changes for VMware

Trade body CISPE demands EU investigation

clock 23 April 2024 • 3 min read
Stability AI cutting staff in the name of restructuring

Stability AI cutting staff in the name of restructuring

Following the departure of CEO Emad Mostaque, UK AI unicorn is shedding employees

Muskan Arora
clock 19 April 2024 • 1 min read