Responding to the shift from ransomware to crypto-mining

Surprising new exposure: Hackers now realize that a company's electricity is an asset they can steal and monetize.

By Rotem Iram | Updated on July 02, 2018

The Internal Revenue Service treats cryptocurrency as property, so there may be capital gain implications to many transactions.

Ransomware was on everyone’s lips in 2017. Estimated damage from ransomware attacks in 2017 was $5 billion. That’s 15 times the $325,000 million in damages logged 2015, just 2 years earlier, according to Cybersecurity Ventures.

In the insurance industry, underwriters and claims managers have made ransomware central to cyber policies while improving coverage and augmenting prices.

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