The number of ransomware attacks this year has already surpassed that of 2018, according to a report by Swiss insurer Chubb. It said the manufacturing sector, with its need to restore operations swiftly, was a bigger target, and was responsible for 23% of ransomware attacks. The services industry made up 30%. “Ransomware, which is often used as an extortion tool, can be very damaging if it gets into systems where data or sensitive information are stored,” said Peter Nowak, chief executive officer at
The number of ransomware attacks this year has already surpassed that of 2018, according to a report by Swiss insurer Chubb. It said the manufacturing sector, with its need to restore operations swiftly, was a bigger target, and was responsible for 23% of ransomware attacks. The services industry made up 30%. Chubb also revealed that malware attacks accounted for 18% of all cyber claims, compared with a five-year average of 12%.