• Allianz Global Corporate & Specialty cyber report: Growing cost of ransomware attacks impacting businesses of all sizes

• Sophistication and frequency of business email compromise attacks also increasing

• Emerging risk trends include: heightened risk of state-sponsored attacks, the evolving third party liability landscape, a shortage of cyber security professionals, and cyber governance under increasing ESG scrutiny

• Better cyber risk insights help create a sustainable cyber insurance market

MUNICH, GERMANY - Media OutReach - 26 October 2022 - Ransomware remains a top cyber risk for organizations globally while business email compromise incidents are on the rise and will increase further in the 'deep fake' era.