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Industry Benchmark: Accommodation and Food Services (June 2023)

Updated: Jun 20

This industry continues to show a beneficial decline in loss ratio, which is a direct indication that the cyber risk problem is improving. The decline in loss ratio is related to the decline in threat score and other micro economic conditions that are favoring a reduced probability of cyber incident and a further reduction in associated financial impacts. However, the risk score has been gradually increasing since October 2022, which will lead to an increase in incident probability.

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