SMBs are hardest-hit by ransomware

Coalition Cyber Insurance cyberattack News phishing Ransomware trends

Coalition announced the mid-year update to its 2022 Cyber Claims Report detailing the evolution of cyber trends, revealinig that small businesses have become bigger targets, overall incidents are down, and ransomware attacks are declining as demands go unpaid. During the first half of 2022, the average cost of a claim for a small business owner increased to $139,000, which is 58% higher than levels during the first half of 2021. “Across industries, we continue to … More

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