Category: Cyber Risk

The latest reports from FBI and ITRC reveal that cyber incidents in 2023 broke records for financial loss and frequency.

The latest reports from FBI and ITRC reveal that cyber incidents in 2023 broke records for financial loss and frequency.Cyber incidents reported to the FBI’s Internet Crime Complaint Center (IC3) in 2023 totaled 880,418. These attacks caused a five-year high of $12.5 billion in losses, with investment scams making up $4.57 billion, the most for […]

Cyber insurance market continues rapid growth as risk management strategies improve

Cyber insurance market continues rapid growth as risk management strategies improve As the number of cyber security breaches soars, direct written premiums (DPW) for cyber insurance worldwide could rise to $23 billion by 2025, with U.S. businesses paying about 56 percent of the total, according to Triple-I’s latest Issues Brief. Cyber Insurance: State of the […]

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