Backup strategies are working, and ransomware gangs are responding with data theft
Business email compromise (BEC) and funds transfer fraud combined for 58% of all cyber insurance claims filed in 2025, according to data from Coalition covering more than 100,000 policyholders across the United States, Canada, the United Kingdom, Australia, and Germany. BEC was the single most common claim type at 31%, with frequency rising 15% year over year to 0.47%. Average losses per BEC incident dropped 28% to $27,000, a decline attributed to faster detection and … More
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