X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

The WannaCry attack is evidence of a meaningful evolution in ransomware, which has strategic implications on cyber attack patterns and, subsequently, insurance coverages and aggregation risk.

There are several motivations at play for cyber attackers, but the greatest and most influential incentive is making money — and using ransomware to block access to enterprise computer systems until a payment is made is proving more fruitful for hackers than targeting private data records. It also means that businesses who have no data records are no longer a lower hazard group.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

 

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.