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International

Cybercrime insurance claims nearly double

September 03, 2019 Reprints

American International Group Inc. said that the number of insurance claims related to cybercrime nearly doubled in 2018 from 2017 amid a rise in the number of threats, IT Pro Portal reported. Business email compromise scams accounted for nearly a quarter of claims, ransomware accounted for 18% and data breaches 14% in the Europe Middle East and Africa region in 2018.

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Cybercrime insurance claims nearly double

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