Ransomware Insurance

96% of Ransomware Attacks Now Involve Data Theft, Arctic Wolf Report

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Almost all, a staggering, 96% of ransomware incidents now involve data breaches with data theft. This marks a significant shift in cybercriminals’ strategies. This is according to Arctic Wolf’s 2025 Threat Report. The cybersecurity report’s findings highlight how threat actors are adapting to stronger cybersecurity defenses by prioritizing cyber extortion and leveraging vulnerabilities for infiltration. … Read more

UK’s Bold Ransomware Crackdown: Incident Reporting Boosted, Criminal Payments Curbed

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The UK government has introduced proposals to increase ransomware incident reporting and reduce payments to cyber criminals. The measures are rooted in the principle that ransom payments fuel the crime by making it more lucrative. Much like negotiating with terrorists, paying ransoms risks emboldening criminals and increasing the likelihood of future attacks while failing to … Read more

Leaving the Keys in the Ignition: VPN Weaknesses Open the Door to Ransomware

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Using “admin” as a username for a virtual private network (VPN) is akin to parking your car and leaving the keys in the ignition. You are making it easy; why not leave the car running? This careless practice can make your system vulnerable to ransomware attacks. According to Corvus Insurance’s Q3 2024 Cyber Threat Report, … Read more

“The Check’s In the Mail:” Behind the Sinclair Lawsuit Against CCC/CNA and Starr Indemnity

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Check out our detailed report on the cyber insurance lawsuit Fortune 500 company Sinclair Inc. has filed against CCC/CNA and Starr Indemnity, claiming the cyber insurers each owe the broadcaster $10 million for losses from a 2021 ransomware attack. Both insurers deny the allegations, now before a Maryland federal court. But Sinclair’s claims in the … Read more

Want Your Cyber Insurance Claim Paid? Sue Us, CNA and Starr Tell Sinclair Inc.

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The local news is not good for broadcaster Sinclair Inc. (Nasdaq: SBGI), a Fortune 500 company known for the 185 television stations it owns or operates across the US. The company is suing two of its cyber insurance providers, claiming the Continental Casualty Company (or “CCC,” the principal subsidiary of CNA) and Starr Indemnity & … Read more

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