Frequency of ransomware claims jumps 64% YoY, At-Bay

May 15, 2024

The frequency of ransomware claims in the United States between 2022-2023 jumped by a staggering 64% year over year, which was was primarily driven by an explosion in “indirect” ransomware incidents which increased by more than 415% in 2023 than in 2022, according to a new report from At-Bay.

The firm recently released its 2024 InsurSec Report, which details new trends in ransomware attacks against mid-market and emerging organisations.

A notable figure from the report shows that attackers continued to exploit remote access technology, with 58% of direct ransomware incidents attributable to a remote access vulnerability.

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