Newsletter / Risk Management
Here a Ware, There a Ware, Everywhere a Ransomware

Many sources have estimated that ransomware cost companies more than $1B in 2016, compared to only $25M paid the previous year. 2016 also saw a 6,000 percent increase in ransomware-related emails, with more than a third of all companies reporting that they were subject to a ransomware attack. These staggering statistics prompted many writers to dub 2016 as the “year of ransomware.” Then came 2017 and wannacry and petya. Experts now estimate that ransomware could cost $5B in 2017.

Learn more about the industries affected and the insurance considerations for ransomware exposures.

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