Cybercrime insurance claims nearly double

Source: Business Insurance

September 03, 2019 American International Group Inc. said that the number of insurance claims related to cybercrime nearly doubled in 2018 from 2017 amid a rise in the number of threats, IT Pro Portal reported. Business email compromise scams accounted for nearly a quarter of claims, ransomware accounted for 18% and data breaches 14% in the Europe Middle East and Africa region in 2018.