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Cyber Insurance Premiums to Increase after Marks & Spencer Cyber Attack?

Posted on May 27, 2025May 27, 2025 By Mark Sauter No Comments on Cyber Insurance Premiums to Increase after Marks & Spencer Cyber Attack?

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?” »

Cyber Insurance, Cyber Insurance Claims, Cyber Insurance Premiums, Cyber Insurance Threats, Cyber Insurance UK, Cyber Insurance Underwriting

Marks & Spencer Hack Could Cost $400 million; CEO “In Shock”

Posted on May 27, 2025May 27, 2025 By Mark Sauter No Comments on Marks & Spencer Hack Could Cost $400 million; CEO “In Shock”

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”” »

Cyber Insurance, Cyber Insurance Claims, Cyber Insurance Threats, Cyber Insurance UK

Retailer M&S to Make $133 million Cyber Insurance Claim: Media Reports

Posted on May 19, 2025May 19, 2025 By Mark Sauter No Comments on Retailer M&S to Make $133 million Cyber Insurance Claim: Media Reports

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” »

Cyber Insurance, Cyber Insurance Carriers & Brokers, Cyber Insurance Claims, Cyber Insurance Policies & Strategies, Cyber Insurance Premiums, Cyber Insurance Threats, Cyber Insurance UK, Cyber Insurance Underwriting

Lee Enterprises Files Cyber Insurance Claim to Cover “Significant Impact” Of Hack

Posted on May 12, 2025May 12, 2025 By Mark Sauter No Comments on Lee Enterprises Files Cyber Insurance Claim to Cover “Significant Impact” Of Hack

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” »

8-K, Cyber Insurance, Cyber Insurance Claims, Cyber Insurance Settlements

Cyber Insurance Settlements Received by Major Auto Dealers After Hack Last Year – Update

Posted on May 5, 2025May 5, 2025 By Mark Sauter No Comments on Cyber Insurance Settlements Received by Major Auto Dealers After Hack Last Year – Update

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,…

Read More “Cyber Insurance Settlements Received by Major Auto Dealers After Hack Last Year – Update” »

Cyber Insurance, Cyber Insurance Best Practices, Cyber Insurance Claims, Cyber Insurance Settlements

Cyber Insurance Settlement Boosts Financial Results of Major Auto Dealer

Posted on April 28, 2025April 28, 2025 By Mark Sauter

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” »

Cyber Insurance, Cyber Insurance Carriers & Brokers, Cyber Insurance Claims, Cyber Insurance Litigation, Cyber Insurance Settlements

Cloud Outages in 2024 Increased by 18%, Google Cloud Downtime Up 57% – Parametrix

Posted on March 20, 2025March 20, 2025 By Martin Hinton

Cloud Disruptions Rise Critical cloud outages rose by 18% in 2024, lasting nearly 19% longer than in 2023. Google Cloud experienced a 57% increase in downtime hours. Microsoft Azure improved,…

Read More “Cloud Outages in 2024 Increased by 18%, Google Cloud Downtime Up 57% – Parametrix” »

AI & Cyber Insurance, Cyber Insurance, Cyber Insurance Claims, Cyber Insurance Policies & Strategies, Cyber Insurance Systemic Risks, Cybersecurity

Third-Party Cyber Risk Drove Major Financial Losses in 2024, Resilience Finds

Posted on February 28, 2025February 28, 2025 By Martin Hinton

Third-Party Risk Accounted for Nearly a Quarter of Material Claims According to new data from cyber risk firm Resilience, third-party risk became a leading cause of cyber insurance claims in…

Read More “Third-Party Cyber Risk Drove Major Financial Losses in 2024, Resilience Finds” »

Cyber Insurance, Cyber Insurance Claims

Better Late Than Never & Better Insured Than Not: NY Town Announces Hack & Expected Recovery from Cyber Insurance for Government

Posted on January 12, 2025January 12, 2025 By Mark Sauter

The town of Webster, NY has announced it lost more than $520,000 in a phishing attack in November, but says local police have recovered $300,000 of the stolen money and…

Read More “Better Late Than Never & Better Insured Than Not: NY Town Announces Hack & Expected Recovery from Cyber Insurance for Government” »

Cyber Insurance, Cyber Insurance Best Practices, Cyber Insurance Claims, Cyber Insurance for Government

SEC Cyber Incident Disclosures Show Confusion on “Materiality,” Limited Info on Cyber Insurance and Unexpected Whistleblowers

Posted on December 28, 2024December 28, 2024 By Mark Sauter

It’s been a year since public companies had to start complying with new SEC cyber incident disclosure rules requiring Form 8-Ks for “material” cyber events. Law firm Paul Hastings has…

Read More “SEC Cyber Incident Disclosures Show Confusion on “Materiality,” Limited Info on Cyber Insurance and Unexpected Whistleblowers” »

Cyber Insurance, Cyber Insurance Best Practices, Cyber Insurance Claims, Cyber Insurance Laws & Regulations, Cyber Insurance Reports, Cyber Insurance Threats, Cyber Regulations

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SMB Cyber Threats - In this episode of the Cyber Insurance News Podcast, host Martin Hinton talks with Dan Candee, CEO of Cork Protection, about the rising tide of cyber threats targeting small and mid-sized businesses (SMBs). Dan shares his journey from Main Street entrepreneur to cybersecurity leader, offering real-world insight into the threat landscape, financial vulnerabilities, and how AI and managed service providers (MSPs) can help fortify business resilience.

We explore:
• Why Main Street is more vulnerable than Wall Street
• Common SMB cybersecurity blind spots (like ACH fraud)
• The evolving role of managed service providers
• How Cork Protection blends cybersecurity and cyber insurance
• Real-world attack case studies and practical advice for SMBs

Whether you’re a small business owner, MSP, or cyber pro, this episode unpacks how to prepare, prevent, and protect your organization in today’s digital world.

📌 Topics: cybersecurity, cyber insurance, social engineering, SMB protection, ransomware, AI in security, MSPs

🎙 Guest: Dan Candee, CEO of Cork Protection
📢 Host: Martin Hinton, Executive Editor, Cyber Insurance News

👉 Don’t forget to like, comment, and subscribe for more insights on cyber insurance and digital defense!

#CyberSecurity #CyberInsurance #SMB #AI #CyberPodcast #BusinessResilience #smallbusiness #sme
00:00 Introduction - Dan Candee and Cork Protection
02:27 The Importance of Cybersecurity for Small Businesses
05:29 Understanding Cyber Threats and Their Impact
08:26 The Role of Managed Service Providers in Cybersecurity
11:24 24Financial Protection and Cyber Insurance Solutions
14:01 Leveraging AI in Cybersecurity
16:53 Navigating Cyber Insurance Policies
19:56 Empowering Small Businesses with Knowledge
21:52 The Future of Cybersecurity and Community Resilience
26:05 MSP/ MSSP The Lingo decoded
29:05 Finals Thoughts and a bit of Hope!
SMBs Are Cyber Targets | Dan Candee on Cyber Resilience & AI | Cyber Insurance News Podcast EP#6
Cyberattack on Small Business is on the rise—and AI is making it worse. In this episode of the Cyber Insurance News Podcast, host Martin Hinton sits down with William Altman of CyberCube to unpack how AI is enabling threat actors to more efficiently target and exploit small businesses.

🔐 From credential stuffing to brute force attacks, William explains how cybercriminals use AI to bypass login portals and MFA solutions—putting millions of small business owners at risk.

🎙️ Timestamps:
0:00 - Introduction
6:26 - William Altman on AI and threat actors
6:50 - Credential stuffing, brute force & reused credentials
10:00 - What small businesses can do right now
14:20 - The future of AI in cybercrime

🎧 Don’t miss this crucial update on the cybersecurity landscape for small businesses. Subscribe and stay informed.

#cyberattack #smallbusiness #AI #cybersecurity #CyberCube
Cyberattack on Small Business: How AI Supercharges Cyber Threats | William Altman @CyberCube"
AI and Cyber Threats! In this eye-opening clip from the most recent episode of the Cyber Insurance News & Information Podcast, William Altman of CyberCube explains how artificial intelligence (AI) is not yet redefining the cyber threat landscape—but it’s coming.

🔍 Learn how AI may accelerate ransomware tactics, why smaller businesses are most vulnerable.

Altman also warns about the unpredictable rise of Artificial Intelligence and urges listeners to prepare for an uncertain cyber risk landscape.

🎧 Full Episode: https://youtu.be/TbHxosvWhiU?si=E4e9vpazIKd3fm5d
💡 Don’t miss this must-watch insight for cybersecurity, insurance, and risk professionals.
Cyber Threats & AI: What You Must Know – nsights from William Altman | CyberCube #cybersecurity
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