Cyber: Ransomware, a threat not to be ignored

In the ever-evolving digital world in which we live, it is becoming increasingly difficult to stay abreast of the cyber risks we face and understand how best to stay protected. Ransomware is highly pertinent to today’s cyber threat landscape, with total costs reportedly reaching a staggering US$170 billion in 2019 alone. Throughout this paper, a dedicated team of cyber specialists at Tokio Marine HCC have consolidated market research and supplemented this with their own experiences to make this an “all you need to know about ransomware in 2020” resource or single point of reference.

The paper takes a deep dive into the evolution of ransomware, its key threats and current incident and claims trends, while also providing useful tips for robust cyber security practices to protect businesses.