Majority of firms lack cyber insurance

clock • 3 min read
The average business ransom paid is now above $800,000
Image:

The average business ransom paid is now above $800,000

Cost, lack of transparency and increasing software requirements are big challenges when it comes to finding an insurer

Businesses are slowly losing the capacity to insure themselves against a possible cyber attack, but the amounts demanded by criminals keep rising. That is according to a new analysis from Blackb...

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 signs AI agreement with EU and USA

Artificial Intelligence

'The first agreement with real teeth globally'

clock 05 September 2024 • 2 min read
Halliburton apparently hit by major cyberattack

Hacking

Source claims attack, but company remains tight-lipped

clock 22 August 2024 • 2 min read
CrowdStrike contracts external security to evaluate Falcon tool

Corporate

The platform was at the heart of last month's massive outage

clock 08 August 2024 • 2 min read
Most read
01
03

Transport for London hit by cyber incident

03 September 2024 • 1 min read
04

Clearview AI hit with GDPR fine

04 September 2024 • 3 min read
05

Why do you need an AI PC strategy?

04 September 2024 • 2 min read

Sign up to our newsletter

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

More on Threats and Risks

Researchers ID security risks in GenAI development platforms

Researchers ID security risks in GenAI development platforms

Exposes sensitive company data

clock 29 August 2024 • 2 min read
Chinese hacking gang targets ISPs via Versa flaw

Chinese hacking gang targets ISPs via Versa flaw

Attacks believed to be geared toward intelligence gathering

Kyle Alspach
clock 28 August 2024 • 3 min read
No honour among ransomware thieves: affiliates' trust craters after takedown

No honour among ransomware thieves: affiliates' trust craters after takedown

Law enforcement action and exit scams have damaged the big gangs' brands

John Leonard
clock 22 August 2024 • 3 min read