Allianz Commercial’s annual cyber risk outlook warns that cyber claims continue to rise, largely due to an increase in data and privacy breach incidents. The first half of 2024 saw an increase in the frequency and severity of cyber claims. “Non-attack” data privacy claims surged due to technological advancements and the growing commercial value of personal data. The risk of data breach litigation is also on the rise in Europe, while Asian firms need to invest more in cybersecurity controls.
US healthcare sector faces new data breach
US healthcare platform ConnectOnCall suffered a major cybersecurity breach, compromising the personal and medical data of over 910,000 patients. Owner Phreesia acted promptly after discovery,
