Allianz Commercial’s annual cyber risk outlook reveals a surge in data privacy breaches, driven by ransomware attacks and leading to class action litigation. Large cyber claims exceeded $1.1 million, up 14% in the first half of 2024. Ransomware accounted for 58% of these claims, with the US being responsible for 72% of all major claims. Weak cybersecurity in organizations and growing legal issues surrounding data privacy are highlighted as significant contributors to these trends.
Massive malware cleanup.
The FBI has deleted the PlugX malware from thousands of US computers. Meanwhile, researchers have found vulnerabilities in Windows 11, allowing hackers to bypass protections
