VendorsAXA XL
AXA XL
Cybersecurity reports and statistics published by AXA XL
8 categories1 reports
Research Reports
Reports and publications from AXA XL
Recent Statistics & Reports
In 24.6% of large ransomware claims, attackers used phishing to infiltrate systems.
9/9/2025•
Cyber insuranceCyber claimsRansomware
In 2022, victims paid on average 42.0% of the initial ransom demand.
9/9/2025•
Cyber insuranceCyber claimsRansomware
The average duration business operations were affected by ransomware in retail was 32 days.
9/9/2025•
Cyber insuranceCyber claimsRansomware
Extortion was triggered as the main driver of loss in 11.9% of claims (primary 15.6%, excess 3.3%), triggered with some loss impact in 11.6%, triggered with no loss impact known in 9.6%, and not triggered in 66.9%.
9/9/2025•
Cyber insuranceCyber claimsBusiness disruption
2020: 27.3% of large losses came from other causes, 29.2% from data breaches, and 43.4% from ransomware. Ransomware remained a dominant source of costly claims.
9/9/2025•
Cyber insuranceCyber claimsData breach
2019: 28.1% of large losses came from other causes, 29.2% from data breaches, and 45.1% from ransomware. Ransomware surged and became the leading cause of major cyber claims for the first time.
9/9/2025•
Cyber insuranceCyber claimsData breach
Ransomware incidents often lead to significant business interruptions, with some level of systems shutdowns occurring in approximately 92% of these cases.
9/9/2025•
Cyber insuranceCyber claimsRansomware
For data breach cases where the attackers themselves disclosed the breach, it took an average of 38 days to notice the attacker prior to 2019.
9/9/2025•
Cyber insuranceCyber claimsBreach discovery
Between 2019 and 2023, professional services experienced large losses primarily from ransomware (75.0%), followed by data breaches (14.3%) and other causes (10.7%).
9/9/2025•
Cyber insuranceCyber claimsRansomware
Companies with revenues up to $250M had an average relative frequency of large claims on primary policies of 0.45.
9/9/2025•
Cyber insuranceCyber claims
Average initial ransom demand (based on all cases with ransom demand) in 2022: $21.46 million.
9/9/2025•
Cyber insuranceCyber claimsRansomware
2010–2017: 62.3% of large cyber losses came from other causes, 37.7% came from data breaches, and ransomware caused 0.0% of major losses. At this stage, ransomware claims were rare, and most large claims stemmed from breaches and miscellaneous incidents.
9/9/2025•
Cyber insuranceCyber claimsData breach
The average duration business operations were affected by ransomware in technology was 57 days.
9/9/2025•
Cyber insuranceCyber claimsRansomware
In 35.7% of data breach cases prior to 2019, the company’s own IT team or outsourced service providers detected the attack.
9/9/2025•
Cyber insuranceCyber claimsData breach
The average duration business operations were affected by ransomware in other industries was 44 days.
9/9/2025•
Cyber insuranceCyber claimsRansomware
For data breach cases where the attacker was detected by a third-party, it took an average of 136 days to notice the attacker prior 2019.
9/9/2025•
Cyber insuranceCyber claimsBreach discovery
Between 2019 and 2023, financial services experienced large losses primarily from data breaches (40.9%) and ransomware (40.9%), followed by other causes (18.2%).
9/9/2025•
Cyber insuranceCyber claimsRansomware
Between 2019 and 2023, manufacturing experienced large losses primarily from ransomware (86.7%), followed by other causes (10.0%) and data breaches (3.3%).
9/9/2025•
Cyber insuranceCyber claimsRansomware
Between 2019 and 2023, technology experienced large losses primarily from other causes (38.0%), followed by ransomware (32.0%) and data breaches (30.0%).
9/9/2025•
Cyber insuranceCyber claimsRansomware
Business interruption was triggered as the main driver of loss in 17.5% of claims (primary 15.1%, excess 23.3%), triggered with some loss impact in 12.6%, triggered with no loss impact known in 7.3%, and not triggered in 62.6%.
9/9/2025•
Cyber insuranceCyber claimsBusiness disruption
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