Cybercrime insurance is making the ransomware problem worse During the COVID-19 pandemic, there was another outbreak in cyberspace: a digital epidemic driven by ransomware.
Several organisations worldwide fell victim to cyber-extortionists who stole data either to sell to other criminals or held it as a ransom for a profit. The sheer number of attacks indicates that cyber security and anti-ransomware defences did not work or have limited effectiveness.
