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. https://www.armor.com/blog/the-rising-need-for-cyber-insurance/
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SHARESHARESHARE
THE RISING NEED FOR CYBER INSURANCE
Earlier this year, Norsk Hydro, one of the world’s largest aluminum producers, was hit by the ransomware virus LockerGoga. Production shut down across 40 countries, and some 35,000 employees were warned not to use computers, laptops, or cell phones of any kind. Norsk Hydro’s losses included not just the direct costs of removing the virus, but a near complete cessation of business activities. As these types of attacks occur with increasing frequency, companies of all sizes and types are vulnerable to attacks that may cause millions or even hundreds of millions of dollars in damages. If your organization is worried about the impact of cyberattacks, cyber insurance can provide protection and peace of mind. NANCY FREE READ MORE