Cyber Claims Frequency Rises 13% in the U.S.

Cyber Claims Frequency Rises 13% in the U.S.

Claims Journal

Cyber claims frequency in the U.S. rose 13% last year, a new report shows. In 2023, there were more than 880,000 complaints sent to the Federal Bureau of Investigation with complaints of cybercrime and reported losses totaling $12.5 billion. The overall claims severity rose 10% year-over-year, with an average loss of $100,000 due to the surge of ransomware claims.

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