Cyber insurers reimbursed companies for the clean-up costs after ransomware incidents more often in 2021 than they did in 2019. However, they paid the ransom less often. In 2021, the insurance company paid out according to 98 percent of the IT professionals surveyed across 31 countries, up from 95 percent two years earlier.
Share of ransomware incidents where cyber insurance covered the losses worldwide in 2019 and 2021, by type of payout
Characteristic
2019
2021
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Statista. (September 27, 2022). Share of ransomware incidents where cyber insurance covered the losses worldwide in 2019 and 2021, by type of payout [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/895630/cyber-insurance-claims-payments-global/
Statista. "Share of ransomware incidents where cyber insurance covered the losses worldwide in 2019 and 2021, by type of payout." Chart. September 27, 2022. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/895630/cyber-insurance-claims-payments-global/
Statista. (2022). Share of ransomware incidents where cyber insurance covered the losses worldwide in 2019 and 2021, by type of payout. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/895630/cyber-insurance-claims-payments-global/
Statista. "Share of Ransomware Incidents Where Cyber Insurance Covered The Losses Worldwide in 2019 and 2021, by Type of Payout." Statista, Statista Inc., 27 Sep 2022, https://www.statista.com/statistics/895630/cyber-insurance-claims-payments-global/
Statista, Share of ransomware incidents where cyber insurance covered the losses worldwide in 2019 and 2021, by type of payout Statista, https://www.statista.com/statistics/895630/cyber-insurance-claims-payments-global/ (last visited July 22, 2024)
Share of ransomware incidents where cyber insurance covered the losses worldwide in 2019 and 2021, by type of payout [Graph], Statista, September 27, 2022. [Online]. Available: https://www.statista.com/statistics/895630/cyber-insurance-claims-payments-global/