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The Times

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...

Read more: Allianz: Cyber crime brings expensive losses for companies, but internal failures most frequent...

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