Ransomware and other threats were analyzed in a recent report by Corvus Insurance. In the early months of 2023, there was a sudden global explosion in the frequency of ransomware attacks with 452 new victims’ data appearing on dark web leak sites in March — a 60% increase year-on-year. Despite the rise in observed activity, the rate of insurance claims has continued to trend downward this year.
The report observed a 52% reduction in ransomware claims over the full year, and a 62% decline from Q1 2021 to Q4 2022. Research also observed a 45% reduction in the total number of victims whose information was posted on the dark web.