Cyber claims surged over the past year due to a rise in data and privacy breach incidents, with the frequency of large claims increasing by 14% in the first half of 2024, according to Allianz Commercial’s annual cyber risk outlook. Notably, two-thirds of these large losses related to data and privacy breaches. In addition, the upward trend of data breach losses among cyber insurance claims was impacted by increasing ransomware attacks, changing attacker tactics and a shift in regulatory and legal environments.
Anne Arundel government has made progress in securing systems since cyber incident, officials say – CBS News
Anne Arundel County government officials have reported making progress in securing systems following a cyber incident. Specific details of the incident were not provided, but
