The most affected areas i

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In terms of sectors, the most affected sector in 2021 was consumer goods with 28.1% of attacks, followed by industrial goods with 25.08% and healthcare with 7.4%; in terms of 2022, however, industrial goods was the most affected sector with 32% of attacks, followed by consumer goods with 24.9% and the IT sector with 10.6%.
Il ransomware Overall, Coinnect's Intelligence Global Report 2023 shows that the frequency of attacks has increased in recent years and that trend shows no signs of slowing down.
Il ransomware is therefore the leading cause of cyber insurance claims today and this trend is expected to continue in the future. One of the main reasons is that ransomware attacks are becoming more sophisticated: attackers use saudi arabia rcs data increasingly advanced technologies to detect and encrypt corporate data, which makes it increasingly difficult for organizations to prevent and recover from attacks, increasing the likelihood of a successful ransom note. Another reason is that many small and medium-sized businesses are particularly vulnerable to ransomware attacks , not having the resources and skills necessary to protect themselves effectively. This makes them attractive targets for attackers, who know that these companies are more likely to pay a ransom to regain access to their data.
This situation then affects the insurance sector, with companies facing difficulties in assessing their customers' cyber risks and determining the potential impact of an attack. Ransomware that must be assessed based on a range of factors such as the type of data encrypted, the systems affected, the organization's ability to recover from the attack, etc. In addition, the number of claims related to ransomware attacks has increased , forcing insurance companies to apply increasingly higher premiums to cover the costs.