By Eduard Goodman | June 01, 2017 at 03:00 AM
The impact on insurers of the global WannaCry ransomware attack was limited by low operating system piracy and the virus's links to Pyongyang, according to a PropertyCasualty360 op-ed by Eduard Goodman, chief privacy officer at CyberScout. The US and Canada weren't hit as hard by the virus thanks to a lower number of pirated and out-of-date Microsoft operating systems. Organisations in North America are also more likely to have cyber insurance, which often mandates up-to-date corporate IT practices. Finally, North Korean perpetrators were thought to be behind the attack, meaning many insurers would avoid paying on policies as terrorist acts are typically excluded.