In this Help Net Security interview, Michael Daum, Head of Global Cyber Claims for Allianz Commercial, discusses the significant rise in cyber claims in 2024, driven by an increase in data breaches and ransomware attacks. Daum highlights the need for businesses to implement cyber hygiene practices and align their risk management strategies with insurers’ expectations to mitigate financial impacts and reduce premiums. Cyber claims have risen significantly in both frequency and severity in 2024. What … More
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