Insurer Coalition Saw Costs From Business Email Compromise Rise in 2024

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In its 2025 Cyber Claims Report, Coalition said claims severity involving business email compromise rose 23% in 2024, with an average claims cost of $35,000.

Nearly 30% of BEC claims involved funds transfer fraud. These claims had an average initial loss amount of $185,000, but Coalition said it—working with authorities and other partners—were able to claw back $31 million for policyholders. About a quarter of claims had at least a partial recovery. Coalition said

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