Cyber claims surged over the past year due to a rise in data and privacy breach incidents, with the frequency of large claims increasing by 14% in the first half of 2024, according to Allianz Commercial’s annual cyber risk outlook. Notably, two-thirds of these large losses related to data and privacy breaches. In addition, the upward trend of data breach losses among cyber insurance claims was impacted by increasing ransomware attacks, changing attacker tactics and a shift in regulatory and legal environments.
Warning issued over ‘fast flux’ techniques used to obscure malicious signals on compromised networks
Law enforcement agencies have warned that organizations face a common network vulnerability that allows hackers to dodge detection and distribute malicious software indiscriminately. Referred to
