Cybersecurity experts have warned that the payment of hacking ransoms by insurance companies is worsening the long-term threat posed by file-locking malware attacks. The WannaCry ransomware attack on May 7 was one of the most devastating in history, causing widespread disruption across multiple industries and disrupting operations at hospitals, banks and other institutions.
Cybersecurity experts have warned that the payment of hacking ransoms by insurance companies is worsening the long-term threat posed by file-locking malware attacks. Experts claim that paying ransoms only incentivises further attacks, with hackers increasingly targeting companies that have cyber insurance policies with companies known to give in to their demands.