Companies with over $100 million in revenue saw the largest increase (20%) in the number of claims, as well as more substantial losses from attacks, with a 72% increase in claims severity compared to the second half of 2022.

There are many points where devices that are connected to the Internet of Things (IoT) can be accessed by cybercriminals, leaving a client’s privacy and security at risk.

Stay on top of the latest trends in the rapidly changing cyber liability market.