ABI: UK insurers paid out £197M+ in cyber claims in 2024, up from £60M in 2023; malware and ransomware-related claims were 51% of the total, up from 32% in 2023 (Lee Harris/Financial Times)

Lee Harris / Financial Times:
ABI: UK insurers paid out £197M+ in cyber claims in 2024, up from £60M in 2023; malware and ransomware-related claims were 51% of the total, up from 32% in 2023  —  Companies paid out £197mn, according to the Association of British Insurers, prior to a string of high-profile attacks

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