Daily Fintech Conversations

Rising Ransomware Attacks force Rate Corrections, raise concerns on Viability

Originally published at: https://dailyfintech.com/2021/08/26/rising-ransomware-attacks-force-rate-corrections-raise-concerns-on-viability/

  A continuous wave of ransomware attacks since early 2020, has destabilized critical infrastructure around the world and exacerbated the pandemic’s economic distress. Insurers that protect companies against cyberattacks are shoring up prices with cyber policies reaching unheard-of price levels. Cyber risk, a lucrative business line since its introduction in the 1990s, had seen the…