Latest cyber risks and claims trends from Coalition

Between ransomware attacks on Change Healthcare and CDK Global and the global IT outage caused by CrowdStrike, high-profile cyber events in 2024 have underscored not only how many businesses rely on the same technology infrastructure to operate but also how fragile that technology can be. 

Claims activity in the first half of 2024 has also reaffirmed that threat actors will continue to pivot their tactics and capitalize on vulnerable technologies and other weaknesses in businesses’ security postures. 

Coalition’s 2024 Cyber Claims Report: Mid-year Update provides a firsthand look at the latest cyber risks and claims trends impacting our policyholders, including:

• How exposed login panels more than tripled a business’ likelihood of attack
• Key contributors to ransomware’s 14% increase in overall claims severity
• How Coalition clawed back $3.5M for a small financial advisory firm
• Why AI is a likely contributor to increases in business email compromise
• How third-party disruptions hit SMBs and mid-market at a higher rate
  

Use the insights from this report to stay informed about the ever-changing cyber threat landscape and help protect against fast-moving digital risks.