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Industry Benchmark: Manufacturing (August 2023)

This industry is beginning to show a sharp increase in loss ratio, which is a direct indication that the cyber risk problem is worsening. However, the current loss ratio is still lower than it was at the end of 2022. The most recent increase in loss ratio is related to an increase in threat activity and an increase in macroeconomic cyber risk conditions that are causing an increase in incident probability and an increase in incident severity.


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