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FTF

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The majority of 2024 cyber insurance claims (60%) originated from business email compromise (BEC) and funds transfer fraud (FTF) incidents.

Coalition•5/7/2025•
Cyber insuranceBEC

FTF (funds transfer fraud) claims frequency decreased by 2% YoY.

Coalition•5/7/2025•
Cyber insurance

29% of BEC events resulted in funds transfer fraud in 2024.

Coalition•5/7/2025•
Cyber insuranceBEC

FTF (funds transfer fraud) claims severity decreased by 46% YoY. This sharp decline followed an all-time high in 2023.

Coalition•5/7/2025•
Cyber insurance
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