The Source for Cyber Insurance News, Insights and Data
More than 600,000 UK businesses reported a cybersecurity breach or attack in the past year, government data shows. Phishing attacks were the most common, with 85% of affected firms citing them as disruptive and time-consuming. The growing use of AI-driven impersonation has also raised concerns among smaller firms with limited resources. Rising Cyber Risks for … Read more
The cyber insurance market is on track to more than double by 2030, according to a new report from Lockton Re. The global reinsurance firm warns that growth, while likely, will depend on major shifts in data quality, risk modeling, and product design. In its white paper, Cyber Insurance 2030: Charting a Course for Growth, … Read more
News Amid 2024 Threat Surge – France spent 2024 on alert as Paris readied the Games and attackers gathered. France’s National Agency for the Security of Information Systems (ANSSI) logged 4,386 cybersecurity events. That represents a 15% over 2023. Intrusions targeted critical infrastructure and Olympics-linked systems drew intensified strikes. The year’s story was “pression” (pressure), … Read more
Cyber insurance for small and medium-sized enterprises faces clarity and cost hurdles – Despite SME leaders recognising cyber risk, nearly half of uninsured firms self-insure. That choice invites financial ruin after major attacks. Surveying 104 SMEs about cyber insurance, the UK Government’s Department for Science, Innovation and Technology commissioned this study to map the gap. … Read more
Attend to the Deed, Not The Word – Whether you write it “cyber security” or “cybersecurity,” the threats are real and rising, and two major organisations just joined forces to fight back. The Chartered Institute of Management Accountants (CIMA) has signed a Memorandum of Understanding with Templar Executives to strengthen cyber resilience across Europe’s finance … Read more