2021 Cyber risk outlook

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      <subfield code="a">In 2020, the global pandemic created near-perfect conditions for cybercriminals and, unsurprisingly, we have witnessed a sharp spike in cybercrime. FBI cybercrime reports quadrupled during the first phase of the pandemic; phishing attacks spiked 350% as global lockdowns resulted in more people working from home; and Google continues to block millions of coronavirusrelated scam emails each day. Attackers have used increasingly sophisticated and agile tactics to exploit the pandemic by targeting individuals, businesses, hospitals, and schools. But what is driving these statistics, and what are the implications for cyber insurers as we look ahead to 2021?</subfield>
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