Ransomware attacks are costing businesses and governments billions of dollars and putting people's lives at risk - in some cases, reportedly causing their deaths.
Some insurance company policies - for example covering reimbursement of ransomware payments - incentivize payment of ransoms that fuel cybercrime ecosystems.
The FBI received 2,825 reports of ransomware infections accounting for more than $59.6 million in losses last year.
Anne Neuberger, the US Deputy National Security Adviser for Cyber and Emerging Technology, called on the industry to implement strong cybersecurity measures as a condition for underwriting policies.
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