In Q1 2022, ransomware claims decreased by 30%, compared to Q4 2021. This decrease may be connected to the Russian invasion of Ukraine, according to a cyber risk report.
The change in ransomware claims was noted in the Corvus Risk Insights Index, a research report focusing on developments in cybersecurity and cyber risk. According to the report, the 30% drop in ransomware claims made to insurance providers is reflected across the industry. The report identified three possible factors contributing to the decrease in ransomware claims.