40% of targets of other types of mobile scams (i.e., not extortion) are Gen Z or Millennial.

52% of victims of other types of mobile scams (i.e., not extortion) are Gen Z or Millennial.

60% of extortion scam targets are male.

45% of extortion victims are parents.

41% of extortion targets are parents.

32% of victims of AI-driven scams suffered reputation damage.

One in three mobile users has been targeted by an extortion scam.

53% of extortion victims are non-white.

78% of extortion victims experience scam attempts daily.

63% of extortion targets experience scam attempts daily.

Seven in ten extortion victims say they are confident they can spot a scam.

More than half of extortion victims believe they could recoup any financial losses.

Privacy & cyber security was triggered as the main driver of loss in 13.2% of claims (primary 9.4%, excess 22.2%), triggered with some loss impact in 14.6%, triggered with no loss impact known in 3.3%, and not triggered in 68.9%.

Extortion coverage was triggered in 11.9% of all claims, showing a significant difference between primary claims(15.6%) and excess claims (3.3%), indicating it is far more common at the primary layer.

Healthcare experienced extortion demands as high as $4 million.

The average cost of an extortion or ransomware incident remains high, particularly when disclosed by an attacker ($5.08 million).

Double extortion remains the most common approach.

A new quadruple extortion tactic is being used in ransomware campaigns, which builds on double extortion by using distributed denial-of-service (DDoS) attacks to disrupt business operations and harassing third parties (like customers, partners, and media) to increase the pressure on the victim.

Gen X encountered extortion scams at 35% and fell victim at 15%.

28% of Gen Z have fallen victim to extortion scams.