Daily Fintech Conversations

State of the Cyber Insurance Market

Originally published at: https://dailyfintech.com/2020/12/03/state-of-the-cyber-insurance-market/

Beginning 2016, a spate of cyber incidents affected global businesses, drawing unprecedented attention to this peril. From NotPetya to WannaCry, ransomware and malware attacks created havoc for businesses, causing huge losses. These attacks proved to be globally contagious, infecting organizations across tens of countries. Ransomware attacks, where hackers steal e-files and demand money in return,…