Following a cyberattack there are costs to recover computer systems and data and to notify and protect the individuals affected. (Photo: Fotolia)
As the number of ransomware attacks and data breaches increases around the globe, they are levying a high price on businesses and the insurers that provide cyber insurance coverage.
In the latest incident, a Russian cyber gang hacked Miami-based software company Kaseya in a ransomware attack that impacted about 70 of its customers — managed service providers with multiple downstream customers, according to The Associated Press. The attack might impact up to 1,500 small businesses like restaurants or accounting firms, reported CNN.
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Angela Morris
Angela Morris is ALM Media's Texas litigation reporter. She covers lawsuits in all levels of Texas state and federal courts. Based in Austin, Morris earned journalism and government degrees from the University of Texas at Austin in 2006, and since then, has worked primarily as a reporter and writer, but also has skills in videography, photography and podcasts. Follow her on Twitter at @AMorrisReports.
