Cyber risk is now the single-greatest concern for business leaders globally.¹ Despite critical vulnerabilities reaching an all-time high and global ransom payments surpassing $1 billion in 2023, businesses that reinforced their security controls and embraced partnership with cyber insurance providers were generally more secure.

Coalition’s 2024 Cyber Claims Report provides a firsthand look at the latest cyber risks and claims trends impacting our policyholders, including:

• How risk selection, research, and active policyholder engagement helped stabilise claims volatility
• Email security trends and how more than half of all claims originate in the inbox
• Which boundary devices are more likely to lead to a cyber claim
• How Coalition recovered over $38M in stolen funds in 2023

Use the helpful insights in our report to protect against fast-moving digital risks.

Coalition’s 2024 Cyber Claims Report features data from organisations across the United States. Cyber risk is global in nature, and we believe the trends and risk mitigation strategies within this report are applicable regardless of location. We’re proud to share these insights to help our policyholders, broker partners, and others in the cyber insurance and security industries stay informed about the ever-changing threat landscape.

¹ Allianz, Allianz Risk Barometer 2024