Cyber-Insurance Jumps 92% In UK As Ransomware Spikes

By Martin Croucher (February 2, 2022, 3:39 PM GMT) -- The cost of cyber-insurance cover rose by 92% in the U.K. in the fourth quarter last year compared with the same period of 2020, insurance broker Marsh said Wednesday, due to an increase in ransomware attacks.

Marsh said that the increase was mirrored globally too, with 130% rate rises in the U.S. market over the same period. Both the frequency and cost of ransomware attacks has increased globally in recent years, forcing insurers to raise prices, it said.

"Cyber-insurance pricing again rose significantly," Marsh said. "Many insurers sought to change coverage terms and conditions as frequency and severity of claims continued to...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!