The Source for Cyber Insurance News, Insights and Data
Expanded Warranty Boosts Cyber Protection Capabilities CISO Global (NASDAQ: CISO) has increased the financial protection offered through its CHECKLIGHT® software. The warranty now covers up to $1 million per incident, with a $1.5 million annual cap per customer. This marks a fourfold increase from the prior $250,000 cap. The expansion, announced on May 29, 2025, … Read more
The Most Significant Milestone Comes at a High Cost The digital shift to hybrid environments is one of the most important advancements in modern business. However, according to Rubrik’s latest “State of Data Security in 2025” report, this progress comes with a steep price: an unprecedented rise in cyber threats affecting nearly every organization on … Read more
Demand Grows for Cyber Coverage AXA XL is expanding its cyber insurance offerings to small and midsize businesses (SMBs). This move is designed to meet the growing demand for cyber coverage among SMBs and address the increasing threat of cyberattacks. This move follows alarming findings in Verizon’s 2025 Data Breach Investigations Report, which revealed that … Read more
A Shocking 33% Surge in Internet Crime Losses The FBI’s 2024 Internet Crime Report shows a staggering 33% increase in reported losses from crimes like phishing, extortion, and data breaches, with the total cost reaching $16.6 billion. In 2024, the FBI’s Internet Crime Complaint Center (IC3) received 859,532 complaints. About 256,256 victims reported financial loss, … Read more
Small Businesses Face Ransomware Reckoning Verizon’s 2025 Data Breach Report (DBIR) highlights a dramatic rise in global cyberattacks. Among the 12,195 confirmed data breaches analyzed, small and medium-sized businesses (SMBs) bore the brunt, especially from ransomware attacks. A staggering 88% of SMB breaches involved ransomware. That is more than double the rate seen in larger … Read more