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Tag Archives: Insurance costs

Insurers look to curb ransomware exposure as U.S. cyber rates rise

Reuters, January 22, 2020 (Reuters) – U.S. insurers are ramping up cyber-insurance rates by as much as 25% and trying to curb exposure to vulnerable customers after a surge of costly claims, industry sources said. The changes follow a challenging year of hackers using malicious programs, known as ransomware, to take down systems that control everything from hospital billing to …

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