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According to a report by Allianz Global Corporate & Specialty SE, ransomware remains a top cyber risk for worldwide companies and is projected to cause $30 billion in damage by 2023, Trade Arabia reported. The report also said that the Russia-Ukraine war and wider geopolitical tensions could further increase the risk of cyberattacks on companies, infrastructure or supply chains.
1. Turkish airlines cancel flights to Iran and Iraq amid war concerns
3. Zurich Insurance to stop underwriting new oil and gas projects
4. Bermudan, European reinsurers to suffer major hit from bridge collapse
5. Tycoon gets death sentence for multi-billion-dollar fraud
6. Inflation drives 10% increase in sum insured for windstorms