“We see the criminals continuing to shift their tactics resulting in the significant drop in the number of victims impacted,” Eva Velasquez, president and CEO of the ITRC, said in a release. “We also see a decrease in the number of publicly-reported data breaches and the number of data breaches linked to ransomware attacks.” (Credit: William Potter/Shutterstock.com)  “We see the criminals continuing to shift their tactics resulting in the significant drop in the number of victims impacted,” Eva Velasquez, president and CEO of the ITRC, said in a release. “We also see a decrease in the number of publicly-reported data breaches and the number of data breaches linked to ransomware attacks.” (Credit: William Potter/Shutterstock.com)

Through the first half of 2022, the number of data breaches was down 4% compared with the same period the year prior, according to the Identity Theft Resource Center (ITRC). While on its face the decline is good news, it should be noted that 2021 set a record for the number of data breach events.

Although overall events have dropped in the first half, the ITRC reported a 2% increase in data breaches from Q1 to Q2 2022. While the situation is showing some improvement, cyber rates have continued to grow. MarketScout reported that cyber rates grew the fastest during the second quarter of 2022, increasing 21.3% compared with a 19.7% gain seen in the preceding quarter.

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?

Steve Hallo

Steve Hallo is managing editor of PropertyCasualty360.com. He 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.