The global insurance industry will be capable of managing the fallout from Monday WannaCry ransomware attack, according to a statement by Munich Re. The German reinsurer provides cyberattack coverage as one of its business lines. "Insurance can help companies cope with the consequences of such attacks and contribute to prevention through risk analysis," said a company spokesperson in an email to Reuters.
The global insurance industry will be capable of managing the fallout from last week's WannaCry ransomware attack, according to a statement by Munich Re. The German reinsurer provides cyberattack coverage as one of its business lines. "Insurance can help companies cope with the consequences of such attacks and contribute to prevention through risk analysis," said a company spokesperson in an email to Reuters.