Global Cyber Risk Insurance Report: Resilience & Relevance
Cyber continues to live up to its dynamic reputation. With no sign of the risk landscape abating – as demonstrated by ransomware, geopolitical instability
Ransomware
Ransomware is a type of malicious software designed to block access to a computer system or data until a ransom is paid. Cybercriminals deploy ransomware to encrypt files on a victim’s device, making them inaccessible. The attacker then demands payment, usually in cryptocurrency, for the decryption key needed to regain access.
Ransomware attacks can target individuals, businesses, and even government institutions. These attacks often spread through phishing emails, malicious attachments, or compromised websites. Once installed, the ransomware encrypts the victim’s files, and a ransom note appears, detailing the payment demands and instructions.
The impact of ransomware can be severe. For businesses, it may result in operational disruptions, financial loss, and reputational damage. Individuals may face loss of personal data and financial extortion. Protecting against ransomware involves a combination of robust cybersecurity measures, including regular data backups, updated security software, and employee training to recognize phishing attempts.
In summary, ransomware is a significant cybersecurity threat that demands vigilance and preparedness to prevent and mitigate its effects.
Cyber Security Global Trends: Insurance & Risk Mitigation Best Practice
Improvements in cyber security and business continuity are helping to combat encryption-based ransomware attacks, yet the cyber threat landscape is evolving
Future of Global Cyber Insurance Market – Ransomware Challenges
Strengthened Global Cyber Insurance Market resilience continued to pay dividends, as resurgent ransomware activity has so far not been accompanied
Cyber Insurance Market: Underwriting Strategies & Cybercapacity
The cyber insurance market has seen significant changes, with the segments within the market being more distinct and nuanced than previously experienced
Cyber Security, Insurance & Cyber Business Intelligence Review
Things have been tough recently in the cyber insurance industry. Businesses have a difficult time finding affordable policies with the right limits
5 Key Benefits of Ransomware Insurance
Ransomware attacks are becoming increasingly common, and organizations of all sizes are at risk. Ransomware insurance can help businesses prepare to such attacks
Global Cyber Market Finally Began to Stabilize
The global cyber market finally began to stabilize in 2024, largely thanks to renewed competition between markets, a decrease in median ransomware payments
Global Cyber Crime, Fraud & Ransomware Survey
Insidious form of crime is accelerating and evolving, as acceleration to ecommerce and remote work opened up new avenues of entry for fraudsters
10 Basic Tips to Avoid a Potential Victim of Ransomware & Reduce Cyber Risk
Ransomware is a form of malware that is constantly evolving and is designed to encrypt files on a device, making all files and systems that depend on them unusable
What are the Most Common Types of Cyberattacks?
The threats you might think about first when you think of cyber risk: cyberattacks, phishing, ransomware, DDoS attacks
Insurance Europe supports the European Commission's ambition to build a Savings and Investments Union. The insurance sector plays a crucial role in achieving the SIU's goals
The directors and officers (D&O) insurance market has experienced favorable results in recent years, but ongoing risks and market uncertainties could challenge sustainability
Integrating real-time data analytics through big datasets, AI, and ML technologies empowers companies to detect high-risk policies before solidifying agreements
U.S. life insurers have used reinsurance to reduce exposure to long-term care (LTC) insurance. The transactions strengthen balance sheets, improve capital efficiency