During the second quarter of 2021, Corvus experienced a 50% decline in the number of ransomware claims. This drop in frequency was attributed to the shutdown of ransomware groups Darkside and REvil during the Q2 2021. This decrease was sustained through the subsequent quarter. (Credit: Andrey_Popov/Shutterstock.com) During the second quarter of 2021, Corvus experienced a 50% decline in the number of ransomware claims. This drop in frequency was attributed to the shutdown of ransomware groups Darkside and REvil during the Q2 2021. This decrease was sustained through the subsequent quarter. (Credit: Andrey_Popov/Shutterstock.com)

Ransomware claims that resulted in the demands being paid shrank from 44% in Q3 2020 to 12% during the most recently closed quarter, according to Corvus, which has seen large, sustained declines in the number of ransomware claims.

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Steve Hallo

Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]

E&S/Specialty
Cybersecurity