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
FBI obtains 7,000 LockBit decryption keys

Hacking

Offers victims hope of free data decryption

clock 07 June 2024 • 3 min read
Russian hackers behind London hospitals cyberattack

Hacking

The attack has forced hospitals to postpone or relocate elective surgeries

clock 06 June 2024 • 2 min read
London hospitals in disarray as cyberattack cripples testing services

Hacking

Poses serious challenge to urgent and emergency care

clock 05 June 2024 • 4 min read

Sign up to our newsletter

The best news, stories, features and photos from the day in one perfectly formed email.

More on Corporate

OpenAI expands lobbying team to shape AI regulation

OpenAI expands lobbying team to shape AI regulation

Global affairs team has grown more than 10x in a year

clock 14 June 2024 • 3 min read
Staff at top AI companies sign letter calling for more transparency about risks

Staff at top AI companies sign letter calling for more transparency about risks

Public deserve to know what's going on, they say

John Leonard
clock 04 June 2024 • 3 min read
Microsoft to cut jobs in Azure and mixed reality, report

Microsoft to cut jobs in Azure and mixed reality, report

Another round of layoffs at the Redmond giant

John Leonard
clock 04 June 2024 • 1 min read