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.
The NHS needs to tighten its third-party supplier cybersecurity
The NHS should proactively fortify cybersecurity within its third-party software suppliers following recent damaging ransomware attacks, says Jonathan Lee from Trend Micro. He suggests implementing
