Allianz: Cyber crime brings expensive losses for companies, but internal failures most frequent cause of cyber claims
- Written by Media Outreach
- AGCS analysis of more than 1,700 cyber claims: External events such as "DDoS" attacks result in the most costly cyber losses but internal incidents like human error or systems failure occur more often, albeit with a lower financial impact.
- Business interruption is the main cost driver of cyber claims. Inability to access data or services can have a...