Cyber losses are increasing in frequency and severity

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Cyber attacks have increased in number and severity since the onset of the pandemic. The changes organizations implemented to facilitate remote work have given cybercriminals new opportunities to launch campaigns exploiting mass uncertainty and fear.

Ransomware attack severity increases

In fact, since the beginning of COVID-19, Coalition observed a 47% increase in the severity of ransomware attacks, on top of a 100% increase from 2019 to Q1 2020.

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