Ransomware Attack Sheds Light On Drastically Underinsured Area

Tuesday, May 16th, 2017 Excess & Surplus Lines

The large-scale global ransomware cyber-attack over the weekend should serve as a wake-up call to many small and medium-sized businesses. While the market for large corporations’ cyber insurance needs has significant penetration, small and medium-sized businesses take out far fewer cyber policies. But as the global ransomware attack illustrated: every business is potentially at risk from cyber criminals. “I think this demonstrates the need for being insured, whether you’re a small or a large company,” NAS chief underwriter Mike Palotay said.

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http://www.insurancebusinessmag.com/us/news/cyber/ransomware-attack-sheds-light-on-drastically-underinsured-area-67726.aspx

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