With ransomware attacks increasing, cyber insurance now seen as a necessity, not a luxury

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Source: Security Magazine
With ransomware attacks increasing, cyber insurance now seen as a necessity, not a luxury
Threat actors launched a cyberattack against the Texas Office of Court Administration, the IT provider for many Texas courts, and encrypted their computer systems with ransomware, leaving those systems useless. Cognizant, which has a large presence in Dallas-Fort Worth and is one of the world’s largest and most sophisticated providers of information technology services for other companies, was hit with ransomware with losses currently estimated between $50 million and $70 million.

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