Insurancetimes UK Cyber Insurance Claims Surge Amid Ransomware Attacks
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In 2024, UK organizations experienced a significant rise in cyber insurance claims, with payouts reaching £197 million ($259 million), a 230% increase from £59 million in 2023. The surge is primarily attributed to ransomware and malware attacks, which accounted for over half of all claims. The data was reported by the Association of British Insurers (ABI).
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