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A report by IBM Corp. found that ransomware attacks cost organizations across the world around $8 billion in 2017, ETtech.com reported. The report found that the number of cyber attacks declined nearly 25% year over year to 2.9 billion. Financial services recorded the most number of attacks, while the number of attacks targeting the manufacturing and information and communications technology sectors increased in 2017.
1. Turkish airlines cancel flights to Iran and Iraq amid war concerns
2. Zurich Insurance to stop underwriting new oil and gas projects
3. Bermudan, European reinsurers to suffer major hit from bridge collapse
4. Tycoon gets death sentence for multi-billion-dollar fraud
5. Inflation drives 10% increase in sum insured for windstorms
6. Apple loses bid to throw out $977M lawsuit over app store fees