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The most damaging attacks continue to be ransomware, but financial fraud claims are more numerous — and both are driven by increasing third-party breaches.
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.
Charges against the ransomware gang member included damage to computers, conspiracy to commit fraud, and conspiracy to commit money laundering.