REPORT

The 2024 InsurSec Report: Ransomware Edition

Our research, claims and incident response teams examined a year’s worth of claims and cybercrime data to present a unique perspective that only an InsurSec company can provide.

Learn how threat actors have evolved, the cost of ransomware, which technologies are associated with riskier outcomes, and where businesses can focus their efforts to better protect their livelihoods.

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The 2024 InsurSec Report: Ransomware Edition

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Ransomware didn't just grow in 2023. It evolved.

Ransomware didn't just grow in 2023. It evolved.

After seeing a decline in ransomware in 2022, in 2023 we saw overall ransomware frequency grow by 64%. Yet, a deeper analysis revealed an even more concerning trend: Threat actors have changed their tactics to pressure victims into paying higher ransoms. Get insights about evolving attacker tactics and the financial fallout victims face.

The average ransom demand by attackers exceeded $1.26M in 2023, a substantial amount for any business.

Read the report now

Read the report now

Businesses deserve more transparency, software companies responsible for the worst outcomes should be held accountable, and the risk associated with threat actors’ evolving tactics should be laid out in precise terms.

We believe this information can help turn the tide against ransomware and further safeguard businesses of all sizes.