Cyber Insurance Geographic Markets

Few SMEs Have Cyber Insurance Despite Growing Cyber Threats, ABI Report Warns

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Small and medium enterprises (SMEs) vastly underestimate their risk of cyber-attacks, leaving them vulnerable due to low cyber insurance adoption, according to a new report from the Association of British Insurers (ABI). Despite making up 99% of UK businesses and generating over £2.6 trillion in turnover, SMEs remain under-protected from cyber threats. The ABI’s report, … Read more

UK’s Bold Ransomware Crackdown: Incident Reporting Boosted, Criminal Payments Curbed

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The UK government has introduced proposals to increase ransomware incident reporting and reduce payments to cyber criminals. The measures are rooted in the principle that ransom payments fuel the crime by making it more lucrative. Much like negotiating with terrorists, paying ransoms risks emboldening criminals and increasing the likelihood of future attacks while failing to … Read more

CyberCube Partners with Acclaim Insurance Brokers to Enhance Cyber Risk Assessment in Singapore

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CyberCube and Acclaim Insurance Brokers partner to enhance cyber risk assessment services. Acclaim, a leading independent insurance broker serving over 2,000 companies, will integrate CyberCube’s Broking Manager platform into its operations. This partnership underscores Acclaim’s commitment to delivering advanced cyber insurance solutions. CyberCube Acclaim Insurance Partner Cyber Risk The Broking Manager platform provides brokers with … Read more

Cybersecurity in APAC: Managing Lunar New Year Risks with Proactive Measures

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The Lunar New Year brings joy and celebration across Asia-Pacific (APAC) and increases cybersecurity vulnerabilities. Experts warn that cybercriminals target festive seasons, exploiting reduced staff presence, delayed responses, and distractions. Studies reveal that 86% of ransomware attacks in the US, UK, France, and Germany occurred during holidays or weekends, and APAC is no exception. According … Read more

73% of Irish Workers Feel Blamed for Cybersecurity Breaches, Study Reveals

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A grayscale illustration of a distressed office worker sitting at a desk, covering his mouth in shock as a giant hand points accusingly at him through his computer screen. The image conveys a dramatic and overwhelming sense of surveillance or reprimand in a workplace setting.

A recent study by IT.ie, in partnership with SonicWall, reveals that 73% of Irish office workers feel blamed for cybersecurity incidents. The findings indicate that 29% of employees reported someone in their organization being fired for causing a breach in the past year. Furthermore, 38% of respondents said their employers “always” hold staff accountable for … Read more

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