This is a real concern and one we will be hearing more about in future, I've no doubt.
The cyber security company has said that it is seeing growth in corporate cyber extortion using intelligent software such as ransomware and malware after news emerged from CFC Underwriting that it had seen a large increase in data breach claims. The BBC has reported that CFC Underwriting handled more than 400 claims on cyber-breach policies it had issued in 2016. That is a 78% jump on claims in 2015. The main types of attack being claimed for were privacy breaches and the theft of cash, said CFC.