Malware and ransomware accounted for 51% of all cyber insurance claims in 2024, up from 32% in 2023.

39% of business and tech leaders prioritise changes in cyber insurance policies in response to the current geopolitical landscape.

Positive responses regarding familiarity with cyber insurance policy coverages among smaller middle market firms decreased to 51% from 66% last year.

Canadian middle market firms are less likely to have cyber insurance coverage than U.S. companies (68% versus 82%).

Familiarity with policy coverages dropped to 69% from 75% in the 2024 data at middle market organisations.

The number of middle market firms that reported carrying a cyber insurance policy reached a record-high of 82%, up from 76% a year ago.