Move Over Wind & Earthquakes, Here Come Cyber Cat Bonds

Wind (including hurricanes) and earthquakes have long been the “peak perils” that keep insurance executives up at night and dominate the $54 billion market for cat (catastrophe) bonds to backstop insurance and resinsurance companies. But now cyber cat bonds are moving up in demand, in part because cyber risk is (in general) uncorrelated with natural … Read more

Marks & Spencer’s Cyber Crisis: 12 Lessons on Cybersecurity and Cyber Insurance

Digital composite image featuring the Marks & Spencer (M&S) logo over a London retail street scene, with cybersecurity imagery including binary code, a digital padlock, and the words 'CYBER ATTACK' in red. Keywords: M&S, Marks and Spencer, London, cyber attack, cybersecurity, digital threat, retail security, cyber insurance, cyber resilience.

Anatomy of a Cyberattack – On July 8, 2025, Marks & Spencer Chairman Archie Norman appeared before the UK Parliament’s Business and Trade Sub-Committee. The hearing focused on the April cyberattack that shook the British retail giant. Norman, joined by General Counsel Nick Folland and Corporate Affairs Director Victoria McKenzie-Gould, delivered a sobering account of … Read more

CAI Unveils Cyber Insurance Assessment Tool

We all need to know – “Is it safe?” echoes the famous line from Marathon Man. Today, organizations ask, “Are we safe?” CAI answers with a new cyber insurance assessment tool. CAI Launches Cyber Insurance Assessment CAI, a global services firm based in Allentown, Pa., introduced a comprehensive cyber insurance assessment on July 8, 2025. … Read more

2% of Large Firms Face High Risk from Scattered Spider

When 2% is a lot – Two percent might not sound like much. That’s until you realize it’s 287 global companies. It’s not a rounding error. That’s a buffet for Scattered Spider, which has reemerged as a significant cyber threat in 2025. The group now poses a serious challenge for cyber (re)insurance portfolios. This analysis, … Read more

Cyber Risk Strategy Shifts as Directors Face Increasing Cyber Threats: Willis Survey 2025

Cyber Risk Strategy Directors and officers today navigate a relentless storm of cyber threats. Phishing attacks, ransomware demands, and weak cybersecurity controls amplify the cybercrime pressure leaders face daily. The weight of leadership grows heavier as cyber incidents demand constant vigilance. The latest survey by Willis underscores this reality, highlighting evolving global attitudes toward cyber … Read more

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