Insurance should approach the risk to cyber exposures cautiously or risk harming their credit profile , according to credit rating agency Fitch Ratings . By maintaining cyber insurance 's controlled growth as part of a diversified portfolio and ensuring underwriting standards are met , insurers can achieve a neutral profile , Fitch said . The warning comes after " WannaCry " ransomware attacks hit consumers in more than 150 countries . Systems hacking, data theft and denial of service attacks may cause economic loss from damage to systems and property, remediation costs, lost revenue due to business interruption and reputation damages. Such recent attacks , combined with some US states ' introduction of cybersecurity regulations , could cause the US online insurance market to grow to $ 14bn by 2022 , Fitch analysts predicted . Last year , US insurers wrote $ 1.3bn in cyber coverage .
Insurance should approach the risk to cyber exposures cautiously or risk harming their credit profile , according to credit rating agency Fitch Ratings . By maintaining cyber insurance 's controlled growth as part of a diversified portfolio and ensuring underwriting standards are met , insurers can achieve a neutral profile , Fitch said . The warning comes after " WannaCry " ransomware attacks hit consumers in more than 150 countries . Such recent attacks , combined with some US states ' introduction of cybersecurity regulations , could cause the US online insurance market to grow to $ 14bn by 2022 , Fitch analysts predicted . Last year , US insurers wrote $ 1.3bn in cyber coverage .