Insurers Paid Nearly £200 Million in Cyber Claims for UK Businesses in 2024
Insurers paid £197 million (US$259.2 million) in cyber claims in 2024 for UK businesses – a 230% increase, or £138 million (US$181.6 million) more than in 2023, according to the Association of British Insurers (ABI). Malware and ransomware alone accounted for 51% of all claims, up from a total of 32% of all claims in … Read more