This increase in cyberattacks presents a new challenge for insurers who previously may not have had to consider these perils as they related to their policies. (Credit: Oleksii/stock.adobe.com) This increase in cyberattacks presents a new challenge for insurers who previously may not have had to consider these perils as they related to their policies. (Credit: Oleksii/stock.adobe.com)

According to InformationWeek, in just the first half of 2021, global cybercrime increased 29%, ransomware attacks rose 93% and demands increased by a remarkable 518%. Actual payments, they found, increased by more than 80%.

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Brittney Meredith-Miller

Brittney Meredith-Miller is assistant editor of PropertyCasualty360.com. She can be reached at [email protected].

Claims Technology
Artificial Intelligence
Cybersecurity
Emerging Risk
Loss Control