Whether it was cyber risks related to the COVID-19 pandemic or ransomware attacks growing more severe and frequent, cyber insurers had a lot to pay attention to this year.
As 2020 wraps up and cyber insurers prepare for a new year, here’s a look back on Insurance Journal’s most read cyber stories of the year based on readership metrics:
1. Insurance Broker Gallagher Reports Ransomware Attack
Insurance broker Arthur J. Gallagher & Co. and its claims unit, Gallagher Bassett, reported that a ransomware incident that happened on Saturday, Sept. 26 limited some of its internal systems.
In a filing with the Securities and Exchange Commission (SEC), the company said it took all of its global systems offline as a precautionary measure, initiated response protocols, launched an investigation, engaged external cybersecurity professionals, and implemented its business continuity plans to minimize disruption to its customers.
2. Russia-Based Hackers Plan New Wave of Attacks Against U.S. Hospitals: Security Firm
Cybersecurity firm Prevalion Inc. said in November that a Russia-based ransomware group responsible for a new wave of attacks…
