Insurance

Cyber ​​insurance companies brace for more ransomware as market softens

Meanwhile, ransomware continues to be on the rise. A brief lull in 2022 led some to think the worst was over, but that optimism has faded. “Everyone thinks, well, it’s over now, but it’s definitely coming back,” Ingslev said. Based on internal portfolio data and ransomware group leak sites, which publish stolen data if victims don’t pay, he estimates ransomware activity will increase by 20% to 30% year over year.

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