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Cyber-insurance carrier Coalition said business email compromise and funds transfer fraud accounted for 60% of claims in 2024.
Identity verification, insurance claims, and financial services are all seeing surges in AI-enabled fraud, but organizations are taking advantage of AI systems to fight fire with fire.
Ransomware attacks and email-based fraud account for 80% to 90% of all claims processed by cyber insurers, but a handful of cybersecurity technologies can help prevent big damages.