The Leading Source for Cybersecurity Insurance News, Insights and Data
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” »
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” »
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” »
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” »
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…
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…