Cybersecurity

A report from Corvus found ransomware activity increased 21% in the first quarter of 2024 from the year prior.

Despite pleas from the feds not to pay, UnitedHealth admitted it paid threat actors to "protect patient data."

Hacktivist groups and an increase in DNS water torture attacks drove a significant spike in DDoS attacks in 2023's second half.

Overall cyber claims frequency increased 13% in 2023, while claims severity increased 10%, according to Coalition, Inc.

The average coverage gap was 350%, meaning more than three-quarters of the cyberattack was not covered.

AI-based monitoring programs may prevent or mitigate the losses facing cyber insurers and policyholders in the coming years.