Opinion Unlocked – S02E04

A decade ago, cybersecurity insurance was more of a luxury – early adopters tended to be concentrated in the retail, finance and healthcare industries, which harbour a lot of personally identifiable information and were susceptible to data breaches. But now, cybersecurity threats have become more frequent. Malicious actors not only demand ransom in exchange for decryption but threaten to sell or leak the data if the ransom is not paid.