"56% of Cyber Insurance Claims Originate in the Email Inbox"

Coalition reports that 56 percent of 2023 claims were for Funds Transfer Fraud (FTF) or Business Email Compromise (BEC), emphasizing the importance of email security in cyber risk management. The 2024 Cyber Claims Report highlights claims data from January 1 to December 31, 2023. The report also identified an increased risk for organizations that use boundary devices such as firewalls and Virtual Private Networks (VPNs). Although these tools can help to reduce cyber risk, using certain boundary devices may increase the likelihood of a cyber claim if they are vulnerable. This article continues to discuss key findings from Coalition's 2024 Cyber Claims Report.

Help Net Security reports "56% of Cyber Insurance Claims Originate in the Email Inbox"

Submitted by grigby1