In crosshairs of ransomware crooks, cyber insurers struggle

Featured in Associated Press

Cyber Security


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.