Rise in ransomware attacks to boost cyber demand; Fitch warns on risks to insurers


Large-scale ransomware attacks, such as the ‘WannaCry’ on May 13-15, are highlighting the vulnerabilities in companies’ IT systems, which is in turn likely to increase the demand for related insurance protection. But Fitch Ratings warns insurers against aggressive expansion.

Fitch, Hiscox, Cyber, Ransomware, Europe, North America

Intelligent Insurer