Cybercrime has grown exponentially over the past several years and a new report from the FBI finds that losses worldwide in 2021 were estimated at $6.9 billion – up from $4.2 billion in 2020. Business email compromise was the costliest scam, with losses of nearly $2.4 billion in 2021.
In this week's Insurance Speak podcast, Andrew Lipton, vice president and head of cyber claims for AmTrust Financial Services, provides listeners with a first-hand look at what a cyberattack looks like for many businesses.
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