A large cyber insurance provider says it saw the number of ransomware attacks rise 45% last year. Cyber insurance MGA Cowbell’s 2026 claims report also shows average ransom payments fell by roughly 44% between 2022 and 2025. The firm attributed the payment decrease to stronger negotiation strategies and more effective claims handling. According to Stephanie Hewerdine, the MGA’s director of claims, the drop is also being driven in part by increased preparedness among insureds.