"Ransomware Resilience Drives Down Cyber Insurance Claims"

According to a new report by the UK backup solutions provider Databarracks, more organizations than ever before have subscribed to cyber insurance, but the number of claims is declining. In its "2024 Data Health Check report," the company discovered that 66 percent of UK organizations reported having cyber insurance in 2024, up from 51 percent in 2022 and 57 percent in 2023. However, the number of organizations filing cyber insurance claims decreased from 58 percent in 2022 to 36 percent in 2024. The financial compensation organizations claim has also dropped, with claims over $1.3 million falling from 48 percent to 16 percent in 2024. This article continues to discuss key findings from Databarracks' 2024 Data Health Check report.

Infosecurity Magazine reports "Ransomware Resilience Drives Down Cyber Insurance Claims"

Submitted by grigby1