Most organizations globally with cyber insurance hit by ransomware attacks received a payout from their insurer in 2021, but there were differences across industries when it came to payouts for the clean-up and ransom costs. In most of the ransomware incidents, cyber insurance against ransomware covered more than 72 percent of organizations' clean-up costs - except in lower education and local/state government, where only 58 and 44 percent of organizations received a payout for these losses.
Share of ransomware incidents where cyber insurance covered the losses worldwide in 2021, by industry
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Sophos. (April 20, 2022). Share of ransomware incidents where cyber insurance covered the losses worldwide in 2021, by industry [Graph]. In Statista. Retrieved November 19, 2024, from https://www.statista.com/statistics/1337094/ransomware-incidents-covered-by-cyber-insurance-worldwide/
Sophos. "Share of ransomware incidents where cyber insurance covered the losses worldwide in 2021, by industry." Chart. April 20, 2022. Statista. Accessed November 19, 2024. https://www.statista.com/statistics/1337094/ransomware-incidents-covered-by-cyber-insurance-worldwide/
Sophos. (2022). Share of ransomware incidents where cyber insurance covered the losses worldwide in 2021, by industry. Statista. Statista Inc.. Accessed: November 19, 2024. https://www.statista.com/statistics/1337094/ransomware-incidents-covered-by-cyber-insurance-worldwide/
Sophos. "Share of Ransomware Incidents Where Cyber Insurance Covered The Losses Worldwide in 2021, by Industry." Statista, Statista Inc., 20 Apr 2022, https://www.statista.com/statistics/1337094/ransomware-incidents-covered-by-cyber-insurance-worldwide/
Sophos, Share of ransomware incidents where cyber insurance covered the losses worldwide in 2021, by industry Statista, https://www.statista.com/statistics/1337094/ransomware-incidents-covered-by-cyber-insurance-worldwide/ (last visited November 19, 2024)
Share of ransomware incidents where cyber insurance covered the losses worldwide in 2021, by industry [Graph], Sophos, April 20, 2022. [Online]. Available: https://www.statista.com/statistics/1337094/ransomware-incidents-covered-by-cyber-insurance-worldwide/
