Ransoms Above $10m Went From 15 To 59 In Two Years

Ransoms Above $10m Went From 15 To 59 In Two Years. cyber insurance news coverage

Two years ago, NetDiligence counted 15 ransom payments of $10m or more across its entire claims dataset. This year it counted 59. The sixteenth annual Cyber Claims Study, published on 15 September, analyses 10,309 real cyber insurance claims from incidents between 2021 and 2025, contributed directly by cyber insurers. Against the 2024 edition, which covered … Read more

Insurers Filed Deepfakes Under Cybersecurity. The Risk Walked Into The Claims File.

It is a Tuesday morning in early 2027. At 9:04, a policyholder’s AI agent files a first notice of loss with your carrier. Forty seconds later, your own AI agent has triaged the claim, requested supporting evidence, summarised the file, and drafted a settlement recommendation. Fast. Frictionless. Fully auditable. And nobody has asked the question … Read more

German Cyber Attack Losses Now Come With A Range.

Bitkom has published a single headline damage figure for German industry every year for a decade. This year it published two. The digital association put losses from data theft, industrial espionage, and sabotage at somewhere between €211bn and €270.8bn over the past twelve months. The reason for the corridor sits in the methodology note. Companies … Read more

Data Center Cyber Claims Rank Second. The Larger Exposure Is Invisible.

The number cyber underwriters need from Allianz Commercial’s new data center report sits on page 24. It is not fire. Wilful acts, a category Allianz describes as “largely cyber crime related,” account for 19% of data center claims by number. Only water damage ranks higher, at 21%. Fire places third by frequency, at 14%. Fire … Read more

The Video Wasn’t Fake. Nobody Could Prove What Happened to It. That’s a Cyber Insurance Problem.

A courtroom confrontation in Utah, a new EU deadline, and three overlooked rulings point to where the debate over digital evidence is really heading. Altered images cause harm long before anyone determines who must bear the costs. Digital evidence is now causing problems in connection with cyber insurance claims, and the courts are already dealing … Read more

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