![Jennifer Rudden](https://cdn.statcdn.com/static/../CMS/contactperson/ERI1028_1704457226.png)
Gross cyber insurance claims reported to Coalition in the U.S. 2023
In 2023, funds transfer fraud (FTF) and Business e-mail compromise (BEC) accounted for most of the claims reported by Coalition policyholders in the United States. During that year, the share of claims incurred due to fund transfer fraud (FTF) and business e-mail compromise (BEC) stood at 28 percent each. Ransomware was responsible for just 19 percent of cyber-related claims.