The cost to businesses and insurers of a single global ransomware attack could hit $193 billion, according to a 2019 report from a group that includes Lloyd's of London. (Photo: Fotolia)

(Bloomberg Markets) — By the time Deb Dellapena arrived for work at Merck & Co.'s 90-acre campus north of Philadelphia, there was a handwritten sign on the door: The computers are down.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Coverage & Policy Issues
Litigation
E&S/Specialty
Cybersecurity
Information Security