Crime, Insurance Industry and Theft - Insurance Industry Brief

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Crime

Insurance Industry

Theft

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. The 2023 Data Breach Report from Identity Theft Resource Center (ITRC) reveals that last year delivered a bumper crop of cybersecurity failures – 3,205 publicly reported data compromises, impacting an estimated 353,027,892 individuals.

Financial Loss

Financial Loss Cyber Crime Risk

Inflation Considerations for Risk Managers and Insurance Buyers

Risk Management Monitor

OCTOBER 25, 2022

The insurance industry has already seen several supply chain and inflation-driven Security Class Action claims. Wage and labor inflation also remain a challenge in a tight (though softening) labor market as companies either cannot fully staff their businesses or are spending more to attract and retain talent.

Risk

Risk Insurance Insurer Insured

The latest reports from FBI and ITRC reveal that cyber incidents in 2023 broke records for financial loss and frequency.

Inflation Considerations for Risk Managers and Insurance Buyers

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