36% of Corvus claims were related to fund transfer fraud in Q3 2022, hitting an all-time high and outpacing ransomware for the first time in a long time. Ransomware cyber insurance claims remain the most costly per incident, however.
A new report indicates that ransomware costs are being cut considerably due to better preparedness. And though cyber insurance claims spiked in early 2021 due to the Microsoft Exchange vulnerability, they have been on a steep downward trend since.
