Data Breach Leads to

ransom demands by spyware gang, and a big payoff (using Bitcoin, natch) which the targeted company’s insurance refused to cover. About a one minute read.

Comment: ok, we can expect to see more of these as insurance adapts to the realities of the digital economy. It appears the insurance company didn’t like the idea of ransom being paid in Bitcoin which I find incredibly naive as transactions in the digital currency are by no means anonymous.