Cyberinsurance payouts have surged by 230% in 2023, driven primarily by a significant increase in ransomware claims. This sharp rise highlights the escalating financial impact of cyberattacks on businesses and the growing reliance on cyberinsurance to mitigate these risks. The surge in claims reflects the evolving threat landscape, where ransomware remains a dominant and costly threat vector. Insurers are adjusting their policies and premiums in response to the heightened risk, emphasizing the need for robust cybersecurity measures and incident response strategies. Organizations are urged to enhance their defenses and consider comprehensive cyberinsurance coverage to protect against the rising tide of cyber threats. This trend underscores the critical importance of cybersecurity resilience and proactive risk management in today's digital economy.
This Cyber News was published on www.infosecurity-magazine.com. Publication date: Wed, 12 Nov 2025 14:35:02 +0000