Cyber insurance heats up as 'ransomware becomes more sophisticated'

#artificialintelligence 

Ransomware is a quick and easy method for cyber criminals to make money. Hackers extort vulnerable individuals or corporations by encrypting important files and demanding payment in return for de-encryption. It's a tried and tested form of malware with hundreds, possibly thousands, of variants. Unfortunately, as cyber security advances to meet this threat, cyber criminals are also upping the sophistication of their ransomware campaigns. The cycle is ongoing and new trends and malware variants are cropping up all the time.