In May, a piece of ransomware known as WannaCry paralyzed businesses, government entities and Great Britain's National Health Service in one of the largest global cyberattacks to date.
The following month, it was Petya, another massive cyberattack that crisscrossed the globe, bringing Russian oil companies, Ukrainian banks and a mass of multinational corporations to their collective knees.
As the frequency of cyberattacks reach epidemic proportion, cyber liability insurance has evolved in kind. Yet many businesses still lack adequate protection.
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