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ARTICLE · 23 DECEMBER 2024

Cyber Risks And Insurance 2025 Forecast

As we prepare to close the books on another eventful year in the cyber and privacy space, Wiley's cyber insurance team is already making predictions for 2025.

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As we prepare to close the books on another eventful year in the cyber and privacy space, Wiley's cyber insurance team is already making predictions for 2025.

Q: So, let's get right into it – based on your experience this year, what do you think is in store on the ransomware front in 2025?

Nate Lovett: In recent years, ransomware attacks have grown substantially more sophisticated and targeted. Coordinated federal and international crackdowns knocked out several notorious ransomware gangs in 2023, only to have many of them reorganize and rebrand in 2024. Unfortunately, we do not see ransomware activity slowing down in 2025, particularly as threat actors increasingly deploy AI and other sophisticated measures to help them carry out attacks. With attacks becoming more targeted, we can expect threat actors to continue to target high-value sectors such as critical infrastructure, health care systems, telecommunications, financial services, and supply chain vendors, in

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