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.
North Korean Hackers Use Fake U.S. Companies to Spread Malware in Crypto Industry: Report
North Korean hackers reportedly set up shell companies in the US to penetrate the crypto sector and target developers via fake job offers, according to
