The trend shows these strategically significant, disruptive and destructive global cyber-attacks<\/strong> will more than double this year to 211<\/strong>, compared to 103<\/strong> in 2020:<\/p>\n The number of disruptive and destructive global cyber-attacks<\/i><\/p>\n<\/div>\n The NotPetya<\/strong> mass cyber-attack is one such example. It resulted in infections across Europe, North America and Asia Pacific. The associated NotPetya malware caused an estimated US$10bn<\/strong> in damages. These types of disruptive and destructive attacks are far rarer than data loss or simple device compromises type incidents that are in the 1000s or 10000s.<\/p>\n CrowdStrike<\/strong>\u2019s failed update on 19 July 2024 cost Fortune 500 companies US$5.4bn<\/strong> in damages and US$25bn<\/strong> in share value. Cybercriminals were quick to exploit the event launching phishing campaigns with CrowdStrike-related lures, seeking to compromise systems, steal data and extort victims.<\/p>\n The number of ransomware<\/strong> attack victims will increase by 11% from 4,698<\/strong> in 2023 to 5,200<\/strong> in 2025, with manufacturing, healthcare, IT, education and government sectors particularly at risk. The average ransom payment in 2023 increased five-fold to USD$2m<\/strong> compared to USD$400,000<\/strong> the previous year.<\/p>\n Number of publicly named victims by ransomware and data leak extortion groups<\/i><\/p>\n<\/div>\n The full report, compiled by Control Risks for QBE, is available on the QBE website: Connected Business: Digital Dependency Fuelling Risk<\/a><\/em><\/strong>.<\/p>\n QBE is an international insurer and reinsurer listed on the Australian Securities Exchange and headquartered in Sydney. We employ over 13,000 people in 27 countries. Leveraging our deep expertise and insights, QBE offers commercial, personal and specialty products and risk management solutions to help people and businesses manage risks, build strength and embrace change to their advantage. For more information, visit www.qbe.com\/<\/a>.<\/p>\n SOURCE: QBE Canada<\/em><\/p>\n Tags: cyber attacks<\/a>, Cyber Insurance<\/a>, cyber risk<\/a>, cyber security<\/a>, QBE<\/a> <\/p>\n","protected":false},"excerpt":{"rendered":" Connected Business Report: Digital dependency fuelling risk New York, NY (Oct. 31, 2024) \u2013 QBE Canada is pleased to announce the publication of its latest report, Connected Business: Digital Dependency Fuelling Risk, which projects...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[1],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/22745"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=22745"}],"version-history":[{"count":0,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/22745\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=22745"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=22745"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=22745"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![](\"https:\/\/www.insurance-canada.ca\/wp-content\/uploads\/2024\/11\/qbe-connected-business-cyber-report-fig1.jpg\")
<\/a><\/p>\n<\/a><\/p>\nQBE\u2019s 10 tips for businesses hit by a cyber-attack<\/h4>\n
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About QBE<\/b><\/h4>\n