The evolution of ransomware is bringing a wider range of risks to insurance policyholders, with new government regulations, exfiltration of data and state-sponsored actors adding to the mix, attorneys with the Anderson Kill law firm said during a webinar on Thursday.
“It keeps morphing and it keeps getting more perilous,” said Joshua Gold, a shareholder with the firm’s New York office said.
Gold and Washington D.C. partner Daniel J. Healy spoke during the fourth and final webinar for Anderson Kill’s annual policyholder advisor conference.
Gold said government regulators are adopting new rules that penalize organizations that don’t take proper precautions to prevent hackers from planting malware in computer networks.
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