Cyber insurance claims in North America reached record levels in 2023, according to insurance broker Marsh.

The firm received over 1800 cyber claim reports from clients in the US and Canada, more than any other year. It said this increase was driven by a range of factors.

      The report showed that 282 clients reported at least one cyber extortion event, including ransomware, in 2023. This was a significant rise compared to 2022 when 172 companies reported such events, which was lower than the previous two years.

      Read more at the source below.

      Source: Infosecurity Magazine