Cyber Insurers Notes Ransomware Claims Rose Significantly in the First Half of 2023
Cyber insurers are claiming that cybercriminals made ransomware attacks popular again in 2023 after a slight break in 2022. According to cyber insurer Coalition's 2023 Cyber Claims Report, claims frequency increased by 27% in the first half of this year compared to the second half of 2022. Additionally, cyber insurer Resilience Cyber Insurance Solutions mid-year report showed a similar trend with 16.2% of its total claims were related to ransomware attacks.