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Ransomware attacks account for most cyber claims

Posted On: Sep. 14, 2020 8:20 AM CST

Data by U.S.-based cyber insurance and security provider Coalition Inc. showed that more than 40% of cyber insurance claims in North America in the first half of the year were related to ransomware attacks, Infosecurity Magazine reported. This was followed by fund transfer losses (27%) and business email compromise incidents (19%), which rounded out the top three attack types by number of claims.

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