In crosshairs of ransomware crooks, cyber insurers struggle

Featured in Associated Press


Cyber Security

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Both insured and insurers, stingy about sharing experiences and data, shoulder the blame for that, the U.K. Royal United Services Institute said in a new report. Most ransomware attacks go unreported, and no central clearinghouse on them exists, though governments are beginning to pressure for mandatory industry reporting. As a business sector, insurers are not especially transparent. In the U.S. they are regulated not by the federal government but by the states.