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Instant Insights / October is National Cybersecurity Awareness Month

The COVID-19 pandemic has revealed new cyber threats. Now's the time for insurance professionals and insureds to reexamine cybersecurity strategies and coverage.

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The 244 ransomware-related compromises reported so far this year already surpasses the volume of similar events recorded in 2020 and 2019 combined. (Credit: wk1003mike/Shutterstock.com) The 244 ransomware-related compromises reported so far this year have already surpassed the volume of similar events recorded in 2020 and 2019 combined. (Credit: wk1003mike/Shutterstock.com)

During the third quarter of 2021, total data breaches declined 9% in the U.S. compared with the quarter prior, according to the Identity Theft Resource Center (ITRC).

“While the total number of data breaches dropped slightly in Q3, we are only 238 data breaches away from tying the all-time record for data compromises in a single year,” Eva Velasquez, president and CEO of the Identity Theft Resource Center, said in a release. “It’s also interesting to note that the 1,111 data breaches from cyberattacks so far this year exceed the total number of data compromises from all causes in 2020. Everyone needs to continue to practice good cyber-hygiene to protect themselves and their loved ones as these crimes continue to increase.”

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Steve Hallo

Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected], and on LinkedIn and Twitter.  

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