The Source for Cyber Insurance News, Insights and Data
Hackers are using encryption less often and are choosing data theft and extortion instead. A new white paper, “Ransomware 2026,” from Symantec and the Carbon Black Threat Hunter Team, tracks this shift. Released on January 14, the report connects the change to higher profits, faster operations, and less complexity for attackers. Record High Counts Mask … Read more
Ever been in a massive traffic jam and wonder what the heck was causing it? The citizens of one city actually got a (disturbing) answer — a cyber hack was the culprit. The Polish town of Olsztyn—a “Smart City” with automated traffic monitoring and Wi-Fi-equipped trams—ground to a halt in 2023 due to a cyber … Read more
Illinois Cyber Insurance Litigation The ruling in Illinois cyber insurance litigation, which came last month in the state’s appeals court, stemmed from the high-profile 2021 ransomware attack on Kronos Private Cloud (now part of UKG), in which hackers exploited vulnerabilities like Log4j to disrupt payroll and HR services for millions of employees worldwide. Clients, including … Read more
Soft Cyber Market Faces Intensifying Ransomware Risk Ransomware continues to spread while cyber insurance pricing weakens, according to CyberCube’s Global Threat Briefing H2 2025. The report warns that capacity still exceeds demand after three straight years of rate decreases. Competition pushes carriers to relax premiums, limits, and cyber coverage terms. At the same time, threat … Read more
Retail ransomware attacks have been in the news. Co-op’s shutdown exposed a coverage gap; it carried no cyber insurance. Marks & Spencer, insured, saw its statutory profit plunge 99% to £3.4m and received £100m in insurance payments. Sam’s Club (Walmart), Victoria’s Secret, Dollar Tree, the list could go on. Sophos’ new report, “State of Ransomware … Read more