Ransomware Attacks Drive a Surge in Cyber Insurance Claims

Ransomware Attacks Drive a Surge in Cyber Insurance Claims

Cyber insurance claims surged by 40% over the past eighteen months, while ransomware payments have dropped by 44%, according to a new report from Cowbell Cyber. The three most common incident types were data breaches, cybercrime (including phishing and business email compromise), and extortion attacks (including ransomware).