Ransomware continues to impact businesses around the world, but most attacks hit targets in the U.S. However, this trend is shifting as ransomware is starting to slightly slow in the U.S., while picking up in other regions, according to cyber defense solutions provider Mandiant.
In Europe, the number of ransomware victims is increasing and if that trend continues during 2023, the EU would become the most targeted region.
According to Richard Kerr, CEO of MarketScout, despite more capacity coming into the cyber market, the sector is still seeing rates grow. Rates for cyber liability coverage were up 23% during the most recently concluded quarter, according to MarketScout.
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Steve Hallo
Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]
