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Fraud and ransomware dominate cyber insurance claims

Ransomware accounts for 23 percent of cyber insurance claims, while while fraudulent funds transfer (FFT) accounts for 28 percent according to insurance specialist Corvus, which has released its latest Risk Insights Index.

Jason-rebholz , Fuzzbones-shutterstock , Risk-insights , Risk-insights-index ,

Ransomware insurance claims are down and ransom payments are too

A new Risk Insights Index released today by Corvus Insurance reveals that the rate of ransomware claims reached in the final quarter of last year was just half of the peak seen in Q1.

Phil-edmundson , Carlos-amarillo-shutterstock , Risk-insights-index , Corvus-insurance ,

Decline in ransomware claims could spark change for cyber insurance

New research indicates that ransomware attack and payment claims are in decline as resiliency takes priority for organisations.

Lori-bailey , Jake-williams , Trent-cooksley , Office-of-foreign-assets , Corvus-insurance , Risk-insights-index , Cowbell-cyber , Foreign-assets-control , Cyber-security , Ansomware ,