X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
This increase in cyberattacks presents a new challenge for insurers who previously may not have had to consider these perils as they related to their policies. (Credit: Oleksii/stock.adobe.com) This increase in cyberattacks presents a new challenge for insurers who previously may not have had to consider these perils as they related to their policies. (Credit: Oleksii/stock.adobe.com)

According to InformationWeek, in just the first half of 2021, global cybercrime increased 29%, ransomware attacks rose 93% and demands increased by a remarkable 518%. Actual payments, they found, increased by more than 80%.

A new Expert IQ report from expert.ai delves into this disturbing increase in cybercrime during the pandemic. The report was created using expert.ai’s natural language understanding (NLU) technology.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

Brittney Meredith-Miller

Brittney Meredith-Miller is assistant editor of PropertyCasualty360.com. She can be reached at [email protected]

More from this author

 

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2022 ALM Global, LLC. All Rights Reserved.