Cyber Risks: Frequency of large claims (>€1mn) up 14%, severity increase 17% in H1 2024

Cyber Risks: Frequency of large claims (>€1mn) up 14%, severity increase 17% in H1 2024

Worldwide, the average cost of a data breach reached an all-time high in 2024 of $4.9mn. In comparison, the average data breach costs in Japan, South Korea, ASEAN, and India are $4.19mn, $3.62mn, $3.23mn, and $2.35mn respectively, according to IBM’s Cost of a...