17
May
2017

Wannacry' Spotlights Need for Cyber Liability Coverage

CFO.com

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PUBLISHED ON: May 17, 2017

Proof that cyber threats are trending worse, not better, was on hand starting last week, when a massive global ransomware attack infected computer systems in over 150 countries. The aptly named “wannacry” malware was unleashed on business and governmental sectors across the globe. While there’s no total yet of the damage inflicted in the wake of the attack, we know that some victims paid Bitcoin ransoms, some lost core operations, and some made do with, wait for it, resort to paper records. Reported to be among those infected were FedEx, Telefonica, scores of medical facilities across the United Kingdom, European financial institutions, and auto manufacturers.

To read the article:  Wannacry' Spotlights Need for Cyber Liability Coverage