Australian businesses have been slugged with premium jumps of up to 30 per cent to cover cyber attacks, according to a new report by insurance brokers Marsh.
The rise has been fuelled by insurers pulling back from covering such costly information-technology attacks and hits from ransomware, in which hackers demand a payment to end the damage.
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Liam Walsh writes on investigations and companies with The Australian Financial Review. He has won multiple media awards, worked in Japan and is now based in Brisbane. Email Liam at liam.walsh@afr.com.au
