CHICAGO—The WannaCry ransomware attack will likely be a manageable loss event for the insurance industry, but the event offers a new perspective on potential aggregation.
Though the worm known as WannaCry spread rapidly to about 150 countries starting May 12, the number of network computers infected and held for ransom is actually a small percentage of all possible global endpoints, according to Pascal Millaire, vice president and general manager at Symantec.
Millaire gave an impromptu presentation on WannaCry during lunch at Advisen’s Cyber Risk Insights Conference here.
“This may not be as bad as one might have thought,” he said. “This is a relatively good-news story.”
Read more at http://www.advisenltd.com/2017/05/18/wannacry-provides-latest-glimpse-nightmare-cyber-aggregation-potential/
Chad Hemenway, WannaCry provides latest glimpse at nightmare cyber aggregation potential (May 18, 2017), available with subscription at Advisen Cyber Front Page News.
Advisen Ltd. 