Cyber Insurance
We've curated 143 cybersecurity statistics about Cyber insurance to help you understand how businesses are managing risks related to data breaches and ransomware attacks in 2025. Discover how this coverage is evolving to protect against financial losses and liability.
Related Topics
Showing 121-140 of 143 results
Data breaches accounted for 17% of claims. This includes hostile and accidental external breaches, but excludes extortion.
The average ransom demand in the latter half of 2024 fell below $1 million for the first time in more than two years.
29% of BEC events resulted in funds transfer fraud in 2024.
BEC claims severity increased by 23% in 2024.
UK cyber claims in 2024 decreased by 20% compared to the spike seen in 2023.
Despite the 20% decrease from 2023, UK cyber claims in 2024 remained approximately one-third higher than the totals recorded for 2020, 2021, and 2022.
Looking at specific periods, Q3 2024 experienced the second-highest level of activity in cyber claims recorded since 2020. Activity in Q3 2024 rose 14% on Q3 2023.
Ransomware claims in 2024 declined by 31% compared to 2023.
Ransomware cyber insurance claims frequency decreased by 3%.
Ransomware claims severity decreased by 7% YoY.
FTF (funds transfer fraud) claims severity decreased by 46% YoY. This sharp decline followed an all-time high in 2023.
System infiltration accounted for 7% of cyber claims. This excludes extortion and data breach events.
Despite the 20% decrease from 2023, UK cyber claims in 2024 remained approximately one-third higher than the totals recorded for 2020, 2021, and 2022.
Ransomware claims in 2024 declined by 31% compared to 2023.
4 of 5 (83%) financial fraud claims began with email.
Overall claims frequency increased by 16% in 2024.
Financial fraud remained the most common incident type, accounting for 32% of all claims.
Over 50% of agents believe clients would be willing to pay up to $100 for personal cyber insurance coverage
Only 43% of agents believe their clients share the same understanding of the value of personal cyber insurance.
56% of insurance agents reported that their customers don’t understand or agree with the value of cyber insurance.