European, Asian companies short on cyber insurance before ransomware attack


A hooded man holds a laptop computer as blue screen with an exclamation mark is projected on him in this illustration picture taken on May 13, 2017. Capitalizing on spying tools believed to have been developed by the U.S. National Security Agency, hackers staged a cyber assault with a self-spreading malware that has infected tens of thousands of computers in nearly 100 countries. REUTERS/Kacper Pempel/Illustration

LONDON/NEW YORK: Many companies outside the United States may not have cover for a recent computer-system attack, leaving them potentially with millions of dollars of losses because there has been relatively little take-up of cyber insurance, insurers say. 

A massive ransomware worm caused damage across the globe over the weekend, stopping car factories, hospitals, shops and schools, amid fears it could wreck fresh havoc on Monday when employees return to work. 

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