Cyber Claims Data Shows Worrying Trend

A recent analysis of 2018 cyber claims data paints a worrying picture for leaders of organizations both large and small. NAS Insurance’s 2019 Cyber Claims Digest reported that cyber claims among its non-healthcare policyholders grew by a staggering 38%. Cybercrime claims, across both the healthcare and non-healthcare segments, were up 68% over 2017, led by financial fraud, which saw a 79% rise. “The shift in 2018 is most pronounced among our non-healthcare insureds. In this segment, the number of cybercrime claims almost doubled from 2017. And, since 2016, we have seen a four-fold increase,” says Jeremy Barnett, senior vice president of marketing at NAS Insurance.