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
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
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
MSPs Face Rising Pressure from Compliance and Cyber Insurance Cytracom has acquired Tentacle, a cybersecurity and compliance management platform, to expand its Security Risk Management capabilities. The move targets the growing need among Managed Service Providers (MSPs) to support client compliance amid increased regulatory and insurer demands. Regulators and cyber insurers are intensifying scrutiny. MSPs … 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