drj logo
drj logo

Welcome to DRJ

Already registered user? Please login here

Create new account
(it's completely free). Subscribe

x

How do ransomware attacks impact cyber insurance loss ratios?

Another global ransomware attack, dubbed Petya, has disrupted operations at major firms across Europe and the United States.

More than 100 companies and organizations across various industries were affected, including shipping and transport firm AP Moller-Maersk, advertising firm WPP, law firm DLA Piper, Russian steel and oil firms Evraz and Rosneft, French construction materials company Saint-Gobain, food company Mondelez, drug giant Merck & Co, and Pennsylvania healthcare systems provider Heritage Valley Health System.

Today’s Insurance Information Institute Daily, via The Wall Street Journal, reports that the attack has exposed previously unknown weaknesses in computer systems widely used in the West.

The U.S. cyber insurance market grew by 35 percent from 2015 to 2016, based on recent reports.

http://www.iii.org/insuranceindustryblog/?p=5135

Latest News
DRJ HOT ITEMS
Webinar Spotlight
Fetching Upcoming Webinars...
Journal Categories

AI: Automation & Innovation

Business Continuity Management

Crisis Management & Emergency Response

Cyber Resilience & IT Disaster Recovery

Leadership: Culture & Workforce Resilience

Operational Resilience

Risk Management & Quantification

Sector-Specific & Critical Infrastructure Resilience

Supply Chain & Third-Party Resilience

Governance: Compliance & Regulatory Readiness

Incident Management & Response Coordination

Resilience Strategy & Program Maturity

Data Protection: Backup & Recovery

Exercises: Testing & Scenario Planning

Emerging Threats: Geopolitical & Climate Risk

Contact Us

Newsletter

The Journal, right in your inbox.