Fraudulent Instruction Losses Spike in 2022

The percentage of insurance claims for fraudulent instruction attacks has in the first quarters of 2022 already exceeded the figure for the whole of last year, according to Beazley. The London-headquartered insurer’s Cyber Services Snapshot report features data gathered between 2020 and Q3 of 2022, across multiple sectors and causes of loss, to shine a light on emerging cyber-risk.

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