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ARTICLE · 03 OCTOBER 2025

NetDiligence Releases 2025 Cyber Claims Study Report

MLT Aikins LLP
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NetDiligence recently released its annual Cyber Claims Study report. This report offers an in-depth analysis of actual losses for data breaches and other cyber-related events, as reported by leading cyber insurance providers.

CanadaTechnology
Kristél Kriel
Kristél Kriel
Nathan Schissel
Nathan Schissel
Erika Carrasco
Erika Carrasco
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This Insight was prepared with the assistance of student-at-law Kendall Kleisinger. 

NetDiligence recently released its annual Cyber Claims Study report. This report offers an in-depth analysis of actual losses for data breaches and other cyber-related events, as reported by leading cyber insurance providers.

With over 4,000 new claims submitted in 2025, this year's report analyzes over 10,000 cyber claims from incidents that occurred from 2020–-2024. A copy of the full 2025 report can be found here.

Key findings from the report include the following:

  • Claim amounts varied greatly, ranging from less than US$1,000 to over US$500 million
  • Large companies (those with annual revenue of US$2 billion or more) accounted for only 2% of claims, but these claims accounted for 51% of the total incident cost analyzed

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