Alice Uribe, Leslie Scism, and David Uberti report:
Insurance for cyberattacks has been a booming business, but Russia’s invasion of Ukraine has insurers sweating about the possibility of big losses. They are rushing to plug a possible loophole that leaves them vulnerable.
Sales of cyber insurance more than doubled last year to about $15 billion as companies sought to protect themselves from the costs of ransomware and computer viruses that could cripple their operations.
Like most insurance policies, these have exclusions for acts of war.
Read more at The Wall Street Journal.