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.
Startup necromancy: Dead Google Apps domains can be compromised by new owners
Many businesses are not properly closing their Google accounts when they fail or are sold, posing significant risks, as the accounts often still give access
