The Source for Cyber Insurance News, Insights and Data
In a first-of-its-kind public financial impact report, the UK’s Cyber Monitoring Centre (CMC) has classified the April 2025 ransomware attacks on Marks & Spencer and Co-op as a Category 2 systemic cyber event. The CMC estimates that the combined financial damage from the retail cyberattack ranges from £270 million to £440 million. The Cyber Monitoring Centre The … Read more
What Price Overconfidence? The timeless tale of the Tortoise and the Hare offers a clear lesson: overconfidence can lead to defeat. In healthcare IT, this overconfidence may cost organizations millions of dollars. A new report from Paubox exposes a confidence crisis among healthcare IT leaders who vastly overestimate their ability to safeguard email communication, one … Read more
Cyber threats are no longer static—they evolve rapidly, often rendering yesterday’s solutions obsolete. That’s why, according to Epiq, a global provider of legal and business services, having a documented Cyber Incident Response Plan isn’t enough. The company warns that these plans must go beyond checklists to meet the dynamic nature of today’s cyber threats, such … Read more
If You See It, Hear It, Believe It… You May Be Wrong We’ve become the opposite of the three wise monkeys: seeing, hearing, and speaking evil—all thanks to deepfakes. You can no longer believe what you see, hear, or say. According to Pindrop’s 2025 Voice Intelligence & Security Report, deepfakes are now a daily risk. … Read more
Personal Data: The New Gold in the Criminal Underground Cybercriminals are no longer just stealing data—they’re running a data-driven black market. Europol’s latest Internet Organised Crime Threat Assessment (IOCTA) for 2025, titled “Steal, Deal, Repeat,” pulls back the curtain on a booming digital economy where your stolen identity fuels scams, extortion, and organized crime. Cyber … Read more