Cyber Insurance Report: Breach Frequency Down, Breach Severity Up

The past half-decade has been a particularly tumultuous one for cybersecurity. It has borne witness to some of the most damaging attacks in history, unprecedentedly high data breach rates, and a staggering number of emerging threat groups. However, a new report from cyber insurance provider Coalition suggests that things are beginning to stabilize. The report , which features data from Coalition’s US and Canada customer base ranging from businesses with less than $25 million in revenue to more than $100 million, has revealed that while claim severity has risen, frequency has fallen in the…

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