Ransomware hacks could balloon: Beazley

Cyber-attacks involving malicious software that locks a targeted
device until the owner or user pays to free the hacked unit are
expected to quadruple this year, according to market leader
Beazley.
The rising frequency of attacks was most apparent among
financial services providers, retailers and hotels, the
London-based insurer said yesterday in a report. The average cost
to unlock a hacked device is about $1,000, Beazley said.
The company based its estimates on reports from clients, saying
it