Ransomware, insurance and the search for legal protection

With the rise of ransomware attacks, hedge funds and private equity funds are well-advised to take another look at their insurance policies.

After all, this is the 21st century and finance is one of the most thoroughly digitized industries there is.  It is at least as vulnerable to ransomware attacks as, say, pipeline companies or hospitals.

Ransomware is typically defined as a type of malware that threatens either to publish a victim’s proprietary data or perpetually block access to it until the ransom (usually in a difficult-to-trace digital currency) is . . .

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