Security News > 2024 > October > Data breaches trigger increase in cyber insurance claims

Cyber claims have continued their upwards trend over the past year, driven in large part by a rise in data and privacy breach incidents, according to Allianz. Cyber claims frequency exceeds €1 million The frequency of large cyber claims (>€1 million) in the first six months of 2024 was up 14% while severity increased by 17%, according to the insurer’s claims analysis, following just a 1% increase in severity during 2023. Data and privacy breach-related … More → The post Data breaches trigger increase in cyber insurance claims appeared first on Help Net Security.

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https://www.helpnetsecurity.com/2024/10/15/cyber-claims-frequency/