Privacy Beats Ransomware as Top Insurance Concern

Despite ransomware losses remaining high, privacy violations have quickly risen to second in a list of expected cyber insurance claims costs. 

"Pixel-tracking claims are the latest target for the plaintiffs' bar — going after companies tracking website activity through pixels on the screen without obtaining proper consent." Activities like that could be why 31% of cyber insurance underwriters in a Woodruff Sawyer survey picked privacy as their top concern for 2024 — second only to ransomware, chosen by 63% of respondents.