Ransomware, fraud, and lawsuits drive cyber insurance claims to new peaks

The 2026 InsurSec Report from At-Bay, covering more than 100,000 policy years of claims data, documents a 7% year-over-year rise in overall claim frequency and an all-time high average severity of $221,000. Ransomware severity reached $508,000, up 16% from the prior year, making it the costliest inc