Cyber frequency fell 22% in 2022 as ransomware dropped 54%: Coalition
  • X
  • LinkedIn
  • Email
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Email
  • Free Trial
  • Log in

Cyber frequency fell 22% in 2022 as ransomware dropped 54%: Coalition

Jairo Ibarra
16 May 2023
  • X
  • LinkedIn
  • Email
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Email
coalition.jpg

Cyber claims frequency declined 22% year over year in 2022, driven mostly by a 54% drop in ransomware attacks, according to InsurTech Coalition.

The cyber MGA reported that funds transfer fraud (FTF), a less sophisticated crime, unseated ransomware as the leading event type, accounting for nearly a third of all claims.

Ransomware

Subscribers, log in here:

Fuel a smarter strategy with our actionable market intelligence

      • Gain a competitive edge and accelerate decision-making
      • Be empowered by insights that transform confusion to clarity
      • Uncover growth opportunities and prepare for potential threats
      • Fuel a smarter strategy for business growth
Request a free trial Already a subscriber? Log in now

Topics

News Cyber InsurTech
Jairo Ibarra II.png
Jairo Ibarra
Senior Reporter
Contact
Gift this article