Insurer: Size of Claims Paid for Ransomware Attacks Declines

This Data Breach alert was published at 29.07.2021 19.58 on Data Breach Today.

Key Factors: Negotiating Lower Ransoms, Improving Recovery
Cyber insurance provider Coalition Inc. says its clients’ average claims for losses when they were hit by a ransomware attack totaled $184,000 in the first half of this year, down 45% compared to the second half of 2020. Negotiating lower ransoms and more efficient recovery were key factors.

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