Ransomware Insurance

Global Ransomware Attacks Surge 34%: KELA Warns of National Security Threat

by

Ransomware Becomes a Weapon of National Disruption Ransomware has evolved from a corporate nuisance into a full-scale national security threat. According to KELA’s National Cybersecurity Report: Ransomware, attacks surged 34% year-over-year between January and September 2025. Nearly half of these attacks targeted critical infrastructure sectors, including manufacturing, healthcare, energy, transportation, and finance. Lin Levi, Threat … Read more

At-Bay Launches New Cyber Insurance Coverage for Ransomware and Financial Fraud

by

Ransomware and financial fraud attacks are increasingly targeting businesses with higher frequency and greater cost. Mid-market companies now face average ransomware losses of nearly $470,000 and financial fraud claims of about $270,000. Many standard policies fall short of covering these risks. At-Bay has launched new InsurSec solutions designed to close that gap. The industry-first packages … Read more

Ransomware Costs Surge 17% in 2025 Despite Fewer Cyberinsurance Claims

by

Cyberinsurance Claims Drop While Ransomware Grows Costlier – Resilience’s 2025 Midyear Cyber Risk Report paints a stark picture. Cyberinsurance claims fell 53% in the first half of 2025 compared to 2024. But the cost of ransomware claims rose 17%. “Fewer incidents escalate to incurred losses, but when they do hit, they’re hitting harder,” said Jeremy … Read more

UK Government to Ban Ransomware Payments

by

Is This the Start of a Global Push to Criminalize Ransom Payments? – The UK government plans to outlaw ransomware payments by public sector bodies. Private firms must report their ransom decisions before making any payments. The plan follows a wide public consultation and reflects growing concerns over cyber attacks on hospitals, councils, and national … Read more

Ransomware Payments Flowing With a Human Toll – Sophos Report

by

Ransomware Payments Persist Amid Decline in Demands It’s a strange pact, new and yet as old as time. A deal with the devil. Not a deal forged in fire but in fiber optics. A deal with a digital devil, the ransom is paid, and business goes on. A new report from cybersecurity firm Sophos reveals … Read more

×