The Source for Cyber Insurance News, Insights and Data
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
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
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 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
Aon’s 2025 Global Cyber Risk Report offers a sharp warning: cyber incidents now cut shareholder value by 27% on average — a loss that no boardroom can ignore. The message is clear: a strong cyber risk insurance policy is no longer optional; it’s a frontline defense. Brent Rieth, Global Cyber Leader at Aon, opens the … Read more