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Cybercrime insurance is making the ransomware problem worse

By Subhajit Basu, Associate Professor in Cyberlaw; Editor-in-Chief International Review of Law Computers and Technology, University of Leeds

Cybercrime insurance is making the ransomware problem worse During the COVID-19 pandemic, there was another outbreak in cyberspace: a digital epidemic driven by ransomware.

Several organisations worldwide fell victim to cyber-extortionists who stole data either to sell to other criminals or held it as a ransom for a profit. The sheer number of attacks indicates that cyber…

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