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Instant Insights / 2021: Insurance trends and issues to watch

After a year as challenging as 2020, insurance professionals and insureds looking at 2021 with a positive outlook. But that doesn’t mean they are resting on their laurels. Now is the time for agents, brokers, and insurers to strategize for the months ahead. These articles provide insights into the insurance and risk management trends to keep top-of-mind this year.

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There have been an estimated 4,000 cyberattacks in the United States every day since the pandemic started, according to MonsterCloud. (Photo: Dmytro Tyshchenko for Shutterstock.com) There have been an estimated 4,000 cyberattacks in the United States every day since the pandemic started, according to MonsterCloud. (Photo: Dmytro Tyshchenko for Shutterstock.com)

The nearly universal transition to a full-time remote workforce through the COVID-19 pandemic exponentially increased the ‘attack surface’ for cybercriminals in 2020.

According to a new report from Guidewire, FBI cybercrime reports quadrupled during the first phase of the pandemic. Phishing attacks spiked 350%, and ransomware demands exploded in 2020 as hackers took advantage of the pandemic and deployed increasingly sophisticated tactics against individuals, businesses, hospitals, and schools.

Danielle Ling

Danielle Ling is an experienced video journalist and business reporter. As associate editor, Danielle manages all multimedia and reports on industry news and risk-related coverage, managing all weather-related content. A University of Maryland and Philip Merrill College of Journalism alum, Danielle previously served as a video journalist for Verizon FiOS 1 News NJ, Push Pause. Connect with Danielle on LinkedIn or email her at [email protected].

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