With 2014 coined “the year of the retail breach” and 2015 “the year of the health care breach,” the trend looks to tag 2016 “the year of ransomware.” In a typical ransomware attack, hackers use software to block access to a computer system until party pays a ransom amount, usually in the form of “Bitcoins.” But what is a Bitcoin and why… Continue Reading
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Welcome to CyBIR - our Cyber and Privacy Breaches: Insurance and Reinsurance blog. Our CyBIR blog is intended to provide current and topical information as well as insightful commentary on the insurance and reinsurance implications of cyber risks and privacy breaches.