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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”” »
Cyber Insurance Rates Drop Amid Stable Market Conditions The US cyber insurance market saw a 5% average rate decrease in Q4 2024, continuing a trend of pricing stability. Marsh reported…
Read More “US Cyber Insurance Market Sees 5% Rate Decline Amid Evolving Threats” »
Court Decision Highlights Overlapping Coverage An English court clarified how multiple insurance policies, not just cyber insurance, can apply to a single data breach incident, offering lessons for companies and…
Read More “Data Breach Liability: Court Expands Insurance Coverage in Email Mishap” »
Sophos has partnered with Capsule, a UK-based cyber insurance broker. The plan? Simplify insurance access for small and medium-sized businesses (SMBs) using Sophos cybersecurity solutions through managed service providers (MSPs)….
Read More “New Cyber Insurance Program: Sophos and Capsule Team Up to Support UK MSPs” »
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” »
India’s cybersecurity concerns are rising amid digital growth, and new insurance tools aim to address evolving threats. K.M. Dastur Reinsurance Brokers has partnered with CyberCube to adopt the Broking Manager…
Read More “India’s K.M. Dastur Taps CyberCube to Strengthen Cyber Insurance Capabilities” »
Retail hacks serve as wake-up call In recent weeks the, Marks & Spencer, Co-op, and Harrods hacks have disrupted payments, deliveries, and day-to-day operations; the UK government has issued a blunt warning:…
Read More “Harrods Hack Aftermath Aligns with Stark Warning from UK Government” »
High-profile cyberattacks on UK retailers are spotlighting the ongoing cyberattack vulnerabilities businesses face. From the Co-op to M&S to the Harrods hack, these crimes are costing firms millions. Beyond stock…
Coalition, a U.S.-based “Active” cyber insurance provider, is entering the Nordic market with new offerings in Denmark and Sweden. Services are now live in Denmark as of 1 May 2025…