Cyber claims frequency in the U.S. rose 13% last year, a new report shows.
Coalition this week released its 2024 Cyber Claims Report, which includes data and case studies from organizations across the country.
The report portrays cybercrime as “a thriving business that adversely impacts” the economy. In 2023, there were more than 880,000 complaints sent to the Federal Bureau of Investigation with complaints of cybercrime and reported losses totaling $12.5 billion, according to the report.
Although overall claims severity decreased in the latter half of the year, it did not offset a first-half spike