The Source for Cyber Insurance News, Insights and Data
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 taking onine orders and also exposed customer data, the Financial Times (FT) and other media sources report (paywall may apply.) Allianz & Beazley on Hook … Read more
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: cyberattacks aren’t going away, and artificial intelligence is about to make things worse. Speaking at the CyberUK 2025 conference in Manchester, Cabinet Office Minister Pat … Read more
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 value, there is also a personal cost, like the couple left without their wedding cake, highlighting cybercrime’s very real human impact. It has been reported … Read more
Cyber Claims in the UK See Second-Highest Spike on Record The UK cyber insurance market faced intense pressure in 2024. Marsh’s new cyber insurance report states that claims volumes hit the second-highest level ever. Although 2024 claims were 20% lower than 2023, they remained one-third higher than in 2020–2022. Ransomware attacks, supply chain breaches, and … Read more
Cowbell introduces Prime One Tech to UK market Cyber insurance provider Cowbell has launched Prime One Tech, a new product offering professional indemnity and cyber coverage to UK tech companies with annual turnover up to £1 billion. The product offers coverage limits up to £5 million. It targets software, hardware, communications, and tech service firms … Read more