Scammers are becoming more sophisticated, impersonating internal communications from CEOs by using near-perfect email addresses or even bona-fide ones that have been compromised. Credit: dimadesigner/Adobe Stock;
Third-party liability claims
When everyone thinks of cyber, first-party ransomware claims spring to mind, but this year there has been a more significant rise in third-party liability claims driven by pixel and tracking software-related matters.
As more U.S. states pass laws against the collection of personally identifiable information, tracking software claims have evolved. This new trend follows other data privacy trends that also gained traction in 2023 such as the Illinois Biometric Information Privacy Act (BIPA). Due to several plaintiff-friendly rulings, there was an increase in the overall settlement value of these matters in addition to an increase in the number of filings.
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