Ransomware loss severity for H1 2023 posts record high: Coalition

Kyoung-son Song

September 20, 2023

Ransomware claims severity reached a record high in the first half of 2023, according to Coalition data, with the average loss surpassing $365,000.

This is a 117% increase year on year and a 61% increase from H2 2022.

In H1 2023, frequency for ransomware claims came to 0.28%,

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Topics

News Cyber Claims and losses

Kyoung-son Song

Senior Reporter