Help

BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

International

Cyber crime expected to cost businesses $10.5 trillion by 2025

July 14, 2023 Reprints

According to a new report from U.K.-based Beazley PLC, the economic impact of cyber crime on businesses across the world is continuing to reach new levels, with the cost expected to reach $10.5 trillion by 2025, Reinsurance News reported. The report highlighted key areas such as ransomware and other cyber-attacks to the threats posed by AI.

1. Turkish airlines cancel flights to Iran and Iraq amid war concerns
2. Munich Re names new regional chiefs
3. UAE flash floods likely to be manageable for insurers
4. Chinese drone maker suffers major data breach
5. Inflation drives 10% increase in sum insured for windstorms
6. Apple loses bid to throw out $977M lawsuit over app store fees

Help

Cyber crime expected to cost businesses $10.5 trillion by 2025

Readers Poll

Most Read in International

Sign up now for free access to this article and much more.

If you are already registered with Business Insurance, click here to Login

Please tell us a bit more about yourself in order to continue

About

Advertise

Reprints and Licensing

Resources