Exclusive Feature: The exponential rise of ransomware

Exclusive Feature: The exponential rise of ransomware | Insurance Business

Exclusive Feature: The exponential rise of ransomware

Cybercrime is growing at an alarming rate. By the end of this year, global ransomware damage costs could reach US$20bn – a huge surge upwards from just US$325m in 2015. 

But what exactly is ransomware? How can your company defend itself? Liam Pomfret, AIG’s Head of Cyber & Professional Indemnity, Asia Pacific, explains: 

  • How cyber attacks are impacting all types of businesses  
  • Why companies without proper controls are at risk 
  • How attacks cross international borders making law enforcement challenging  
  • Why the digitisation of our personal lives makes us vulnerable 
  • Effective ways for companies to reduce the dangers 

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