CYBER CLAIMS STUDY

The annual NetDiligence® Cyber Claims Study uses actual cyber insurance reported claims to illuminate the real costs of incidents from an insurer’s perspective.

 
Download the Latest Study

9000++

Total Claims Analyzed

from 2018-2022

4900++

New and Updated Claims

from 2020-2022

800 +

Total Claims Analyzed

from 2022

Types of Cyber Insurance Claims

There are several different types of claims that an individual or organization can file after a cyberattack or data breach has occurred. In our cyber claims study, NetDiligence reviews multiple types of claims and cyber events, including those resulting from but not limited to:

  • Malware attacks
  • Phishing attacks
  • Ransomware attacks
  • Supply chain attacks
  • Business email compromise

We have analyzed thousands of cyber insurance claims to help companies understand just how much their cyber risk can impact their business, even if they have the appropriate coverage. Cyberattacks continue to increase, and businesses are facing a more demanding underwriting process as a result.

This is why working with a risk management professional to continuously address and manage your cyber risk throughout the year is essential. Doing so can minimize your risk of an attack, help you respond and recover more quickly from one, and allow you to obtain the best cyber insurance policy at the best price year after year.

Why Analyzing Cyber Claims Is an Instrumental Tool in Understanding the Impact of Data Vulnerabilities

Analyzing cyber claims is crucial in understanding the impact of data insecurity. As more businesses rely on technology to store sensitive data, cyberattacks become more frequent and sophisticated, resulting in significant damage to the business’ finances as well as their reputation.

By analyzing cyber claims, NetDiligence helps identify patterns and trends in attacks, which allows companies to make informed decisions about their cybersecurity strategies. Additionally, analyzing claims can highlight weaknesses in existing policies and procedures, enabling organizations to make necessary changes in order to prevent future breaches and secure better coverage.

Ultimately, analyzing cyber claims can help mitigate the financial and reputational risks associated with cyberattacks and ensure that organizations are prepared to respond to these incidents effectively.

Download 2023 Cyber Claims Study

The annual NetDiligence® Cyber Claims Study uses actual cyber insurance reported claims to illuminate the real costs of incidents from an insurer’s perspective.

Download

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