"Ransomware Accounted for 41% of All Cyber Insurance Claims in H1 2020"

A report recently published by Coalition, one of the leading providers of cyber insurance and security, revealed that ransomware incidents made up 41% of cyber insurance claims filed in the first half of 2020. The high number of claims confirms cybersecurity firms' reports that ransomware is still one of the most common threats. Coalition has also observed a rise in ransomware attacks against nearly every industry it serves. In addition to the increased frequency of ransomware attacks, the average ransom demand has risen by 47%. The cyber insurer listed Maze and DoppelPaymer as two of the most aggressive ransomware gangs. This article continues to discuss the rise in ransomware incidents as indicated by cyber insurance claims made in H1 2020, the increase in the average ransom demanded from victims, the most destructive ransomware gangs, and the spike in the number of claims for funds transfer fraud attacks and Business Email Compromise (BEC) events.

ZDNet reports "Ransomware Accounted for 41% of All Cyber Insurance Claims in H1 2020"