The latest reports from FBI and ITRC reveal that cyber incidents in 2023 broke records for financial loss and frequency.
Triple-I: Business Insurance
APRIL 4, 2024
Cyber incidents reported to the FBI’s Internet Crime Complaint Center (IC3) in 2023 totaled 880,418. billion in losses, with investment scams making up $4.57 The increased risk and rising financial losses from cyber risk likely drive growth for the cyber insurance market, which tripled in volume in the last five years.
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