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.
Hackers are selling counterfeit phones with crypto-stealing malware
Kaspersky has identified thousands of low-cost Android smartphones sold online that come with preinstalled malware programmed to steal cryptocurrency details. The devices are infected with
