Bitcoin Intensifies Pain for Some as Ransom Demands Skyrocket

Bloomberg
Bloomberg
Dec 21, 2017 · 4 min read
Photo by Rob Engelaar/AFP/Getty Images.

By Sonali Basak and Jennifer Surane

Hey, want those photos and files back? It may cost more than it used to.

Thank bitcoin.

Chubb Ltd., best known for catering to wealthy families and corporations, is among at least three insurers facing a jump in costs tied to claims from ransomware attacks. The firms…