56% of all 2023 claims were a result of funds transfer fraud (FTF) or business email compromise (BEC), highlighting the importance of email security as a critical aspect of cyber risk management, according to Coalition. The 2024 Cyber Claims Report is based on reported claims data from January 1 to December 31, 2023. “Threat actors want to get paid, and the email inbox has proven to be an easy place for an attacker to uncover … More
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