"Cyber Insurer Says Ransomware Attacks Drove a Spike in Claim Sizes"

The cyber insurance provider Coalition reported that its customers made fewer claims in the first half of 2024 than in the same period in 2023, but their average loss increased by 14 percent to $122,000. According to the company, the rise in ransomware severity increased losses, and threat actors targeted larger businesses. This article continues to discuss findings regarding the rise in ransomware demands and claim sizes.

The Record reports "Cyber Insurer Says Ransomware Attacks Drove a Spike in Claim Sizes"

Submitted by grigby1