Large cyber claims increased by 14% in frequency and 17% in severity in the first half of 2024, continuing an upward trend. Allianz Commercial’s report reveals two thirds of these losses are tied to data and privacy breaches. In spite of increased cyber security investment, breaches were often due to internal weaknesses. Ransomware remained the leading cause of cyber losses.
Medusind Data Breach Exposes Over 360,000 Individuals’ Healthcare Info
Healthcare revenue cycle management provider Medusind has reported a data breach affecting around 361,000 people’s personal and health information. The firm discovered suspicious activity on
