Help

BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

International

Ransomware becomes growing concern for insurers

October 20, 2021 Reprints

Analysts at U.S.-based Fitch Ratings Inc. said that ransomware has emerged as a “growing concern” for insurers and reinsurers, as the industry has witnessed several high-profile ransomware attacks recently, Reinsurance News reported. Rapid digitalization, greater availability of tools and high potential of financial payouts are driving the frequency of ransomware attacks.

1. Turkish airlines cancel flights to Iran and Iraq amid war concerns
2. Munich Re names new regional chiefs
3. Tycoon gets death sentence for multi-billion-dollar fraud
4. UAE flash floods likely to be manageable for insurers
5. Chinese drone maker suffers major data breach
6. Inflation drives 10% increase in sum insured for windstorms

Help

Ransomware becomes growing concern for insurers

Readers Poll

Most Read in International

Sign up now for free access to this article and much more.

If you are already registered with Business Insurance, click here to Login

Please tell us a bit more about yourself in order to continue

About

Advertise

Reprints and Licensing

Resources