The Source for Cyber Insurance News, Insights and Data
Formation of Cyber Risk Advisory Board Spectra has released its new Certification of Resilience for MSPs, marking an industry first. The certification is designed to improve cyber resilience and insurance outcomes for managed service providers (MSPs). At the same time, Spectra has announced the creation of its 2025 Cyber Risk Advisory Board. The board comprises … Read more
Artificial Intelligence Risk We hear about artificial intelligence reshaping cybersecurity. We hear about hackers wielding AI tools. Now, broader AI concerns are entering the spotlight. A recent Hogan Lovells post emphasizes that existing cyber insurance may not be sufficient to cover AI-driven risks. “Existing cyber cover might encompass certain AI-related liabilities, but the cyber market … Read more
To Err is Human, To Forgive is Fine, To Prevent is Divine Human error remains a dominant driver of cybersecurity incidents. Organizations worldwide continue to look for ways to reduce this persistent risk. The latest effort comes from AXA XL and KnowBe4, who have announced a global partnership to help clients build stronger human defenses … Read more
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
Info Stolen! The exposed credentials open “the doors to pretty much any online service imaginable, from Apple, Facebook, and Google, to GitHub, Telegram, and various government services,” reports news site Cybernews on the massive log-in breaches. The site identifies the likely culprits as hacking groups using “infostealers,” malware designed to steal passwords and other data … Read more