Ransomeware attacks are on the rise, as experts warned that new security threats may not be reflected in cyber insurance policies. Ransomeware attacks see hackers taking control of company data and demanding payment to release it. Christine Marciano said it saw four times more attacks in the first nine months of 2016 , compared to the same period in 2015 . Breach Response Services Insights report showed the company's The Beazley Breach unit managed four ransomware attacks over the period, compared to 1,400 between January and September 2015 .
Ransomeware attacks are on the rise, as experts warned that new security threats may not be reflected in cyber insurance policies. Ransomeware attacks see hackers taking control of company data and demanding payment to release it. Underwriter Beazley said it saw four times more attacks in the first nine months of 2016, compared to the same period in 2015. The Beazley Breach Insights report showed the company's Breach Response Services unit managed 1,400 ransomware attacks over the period, compared to 931 between January and September 2015.