Ransomware Payouts Decline Despite Growing Cyber Claims Frequency
In 2024, cyber incidents were more frequent while ransomware remained a focal point. Understanding the evolving market dynamics and cyber risk landscape has never been more essential.
The past year’s cyber attacks and technology outages illustrated the compounding risk from growing technology interdependencies. Major systemic-type events shook the scene in 2024, particularly evident in attacks against information technology (IT) service providers.