Ransomware attacks are increasing, and insurance firms are part of the problem
WannaCry ransomware infected 200,000 computers across 150 countries, in 2017. It locked users’ files and demanded a ‘ransom’ to unlock them. While ransomware attacks declined last year, they have increased again in 2019, and are mostly directed at organisations. The ransom sought are also bigger. Experts say insurance policies meant to cover losses from such attacks have a big role in this resurgence.