Water companies are increasingly uninsurable due to ransomware, industry execs say
The scope of what insurers are covering is also narrowing as costs go up, said an association representative.
Ransomware demands are up more than 500%, the latest concern for insurers
The figures published by Allianz represent the latest glimpse into how ransomware attacks are becoming exponentially more expensive.
White House cyber summit with private sector nets impressive gains, but points to considerable work needed ahead
"A couple folks have struggled with the idea that we're going to pat companies on the back for doing things they should already be doing," said one observer.
Apple, JPMorgan Chase bosses among industry heads set to gather at White House for cyber 'call to action'
The administration expects to make "concrete announcements" about tackling root causes of cyberattacks, a senior official said.
Cyber insurance market encounters ‘crisis moment’ as ransomware costs pile up
The woes within the industry could mean significant ramifications for policyholders.
Japan's Tokio Marine is the latest insurer to be victimized by ransomware
It's the third to announce a successful attack since March.