Ransomware Claims Are Doubling UK Digital Insurance Costs

By Joel Poultney (April 27, 2022, 3:58 PM BST) -- The cost of insurance claims for ransomware and other digital attacks has rocketed by more than 100% in the U.K. in the first quarter of 2022 over the same period last year, broker Marsh LLC said on Wednesday.

Marsh said in its quarterly insurance review that the cost of digital cover also increased globally, with prices up 110% in the U.S. Insurers scrambling to tighten coverage against the severity and frequency of ransomware attacks, in part because of the conflict in Ukraine, is driving the price rises, according to the broker.

"The war in Ukraine, while most importantly a humanitarian tragedy,...

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!

TRY LAW360 FREE FOR SEVEN DAYS

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!