Cybersecurity claims reported in recent years vary sharply, with larger claims reaching $500 million of data loss and smaller claims as low $1,000.
NetDilligence released its annual report, which analyzes 10,464 claims from incidents between 2019 and 2023.
The report shows 98% of claims were from small- to medium-size enterprises (SMEs) with less than $2 billion in annual revenues. While only 2% were larger companies, these claims accounted for 51% of the total incident cost analyzed in the report ($2.0 billion vs. $3.9 billion), the report shows.
Ransomware and business email compromise (BEC) were the