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The Marks & Spencer hack — which might cost the retailer $400 million in profits, erased even more in market cap and could lead to cyber insurance claims of at…
Read More “Cyber Insurance Premiums to Increase after Marks & Spencer Cyber Attack?” »
The hack of British retailer Marks & Spencer could reduce its profits over the coming year by £300m (more than $400 million), according to its recent report of financial results…
Read More “Marks & Spencer Hack Could Cost $400 million; CEO “In Shock”” »
British retailer M&S (Marks and Spencer) is expected to make a cyber insurance claim of around £100 million (app. $133 million) following a hack that forced the company to stop…
Read More “Retailer M&S to Make $133 million Cyber Insurance Claim: Media Reports” »
The fusion of cyber insurance with security services is a key trend in the industry, designed to help policy holders achieve and then maintain — after the policy has been…
Read More “Antiquated Regulations Against “Cyber Insurance Bundling” Slow Innovation” »
A publisher of newspaper and digital news covering 72 markets in 25 states across the U.S., Lee Enterprises (NASDAQ: LEE) experienced a “cyber security incident” in February that had a…
Read More “Lee Enterprises Files Cyber Insurance Claim to Cover “Significant Impact” Of Hack” »
We recently told you how a cyber insurance settlement of $30 million boosted Q1-2025 results for Sonic Automative, which was hit by the ransomware attack last year on CDK Global,…
Sonic Automotive Inc., one of America’s largest car dealers, recently reported that its Q1-2025 net income reached $70.6 million, “up 68% year-over-year.” But that increase “includes the effect of a $30.0…
Read More “Cyber Insurance Settlement Boosts Financial Results of Major Auto Dealer” »
Not long ago we reported on the threat from quishing and brushing. Now the IRS and Microsoft are advising consumers and accountancies about cyber scams linked to tax returns, including…
Read More “Tax Day = Cyber Scam Day; Watch Out for “Smishing” and “Phishing-as-a-Service (PhaaS)”” »
“We’ve come a long way in our journey from the first ever cyber cat bonds, which were private, we’ve now got three 144A cat (catastrophe) bonds out there covering the…
Read More “Beazley Doubles Down on Cyber Cat Bonds/ILS for Cyber Insurance” »
“Quishing (QR Code Phishing) (is a) rapidly growing attack vector, increasing from 0.8% of phishing attempts in 2022 to 12.4% in 2024,” reports Intersys, a UK company that provides cyber risk management…