Published: 12:00pm, 28 Jul, 2019 Updated: 11:05pm, 28 Jul, 2019 Direct cyber insurance premiums have expanded at a cumulative annual rate of 26% since 2015, rising to $2bn in 2018, but claims grew too, warned Moody’s Investors Service in a report. It said cyber attacks were an increased threat to multiple clients, thanks to cloud computing, leading to higher claims. The report also highlighted the growing use of ransomware – which encrypts files and demands payment for their release or else it will destroy data on your computer – as well as
Direct cyber insurance premiums have expanded at a cumulative annual rate of 26% since 2015, rising to $2bn in 2018, but claims grew too, warned Moody’s Investors Service in a report. It said cyber attacks were an increased threat to multiple clients, thanks to cloud computing, leading to higher claims. The report also highlighted the growing use of ransomware – which encrypts files and demands payment for their release or else it will destroy data on your computer – as well as