Nine Out Of 10 Cyber Policies Are In The U.S.

  Monday, May 15th, 2017 Source: Insurance Business

A ransomware worm made its way to more than 200,000 computers in 150,000 countries over the weekend, and while one may dismiss its creators as petty criminals—asking for an average individual ransom cost of $300—its economic implications are significant. The “WannaCry” ransomware worm inched its way through the systems of hospitals, car manufacturers, telcos, factories, schools and shops, leaving in its aftermath business interruption costs upwards of $4 billion, according to cyber risk modelling firm Cyence.

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