The Source for Cyber Insurance News, Insights and Data
In the old Popeye cartoons, Wimpy liked to say, “I’ll gladly pay you Tuesday for a hamburger today.” When it comes to ransomware payment, companies seem to be stealing Wimpy’s line and saying, “I’ll gladly pay you Tuesday for your ransomware today.” And just like the cartoon, Tuesday, or “pay day,” never comes. Coalition’s new … Read more
Resilience’s 2025 cyber insurance claims data shows that ransomware groups are now focusing on stealing data to gain leverage. Data-suppression extortion rose from 49% in the first half of the year to 65% in the second half. In 57% of attacks, criminals used data theft to get around stronger backups. Infostealers collected over two billion … Read more
Imagine a fleet operator arriving Monday morning to find dispatch screens frozen, drivers locked out of their vehicle apps, backend systems encrypted, and attackers demanding payment to restore access. HSB has launched a cyber insurance product for internet-connected work vehicles, called HSB Commercial Cyber for Auto. This coverage is designed for hacked commercial vehicles and … Read more
Illinois Cyber Insurance Litigation The ruling in Illinois cyber insurance litigation, which came last month in the state’s appeals court, stemmed from the high-profile 2021 ransomware attack on Kronos Private Cloud (now part of UKG), in which hackers exploited vulnerabilities like Log4j to disrupt payroll and HR services for millions of employees worldwide. Clients, including … Read more
As global cyber threats intensify, directors and officers (D&Os) face increased regulatory scrutiny, surging litigation and ballooning insurance premiums, according to the latest Allianz Commercial D&O Insurance Insights 2026 report. D&O insurance for cybersecurity is a hot issue in the industry and at many companies. The Risks – D&O Insurance for Cybersecurity The Allianz report … Read more