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.
The Algorithm Won’t Hold Your Mother’s Hand
An algorithm can flag an irregular heartbeat. But it cannot notice that Tom hasn’t mentioned his late wife in two weeks, or that he’s wearing
