The Source for Cyber Insurance News, Insights and Data
SMEs at the Heart of the Global Economy Small and medium-sized enterprises (SMEs) matter. They power half of the global economy. They drive innovation, jobs, and growth. At the same time, they face relentless cyber risks that threaten their survival. The 2025 Hiscox Cyber Readiness Report highlights the urgency of stronger SME cybersecurity. “More than … Read more
Rising Threats to Small Firms Ransomware, data theft, and business email compromise (BEC) keep hitting small firms. Many small operations lack dedicated cybersecurity. A single outage can halt revenue and drain cash. In times like that, small business cyber coverage can fuel the recovery. Hartford Rolls Out Integrated Coverage The Hartford expanded cyber insurance for … Read more
Millennial Shift Technologies (mShift) announced a collaboration with HSB to expand access to cyber insurance through the mShift Platform. The integration makes HSB TotalCyber™ instantly available for brokers in digital workflows. HSB, part of Munich Re, provides cyber coverage for small and midsize enterprises. Mark Meury, CEO of Millennial Shift Technologies, stated: “This collaboration with … Read more
More than 600,000 UK businesses reported a cybersecurity breach or attack in the past year, government data shows. Phishing attacks were the most common, with 85% of affected firms citing them as disruptive and time-consuming. The growing use of AI-driven impersonation has also raised concerns among smaller firms with limited resources. Rising Cyber Risks for … Read more
Growth Slows Despite Rising Cyber Threats Slowing growth comes to the cyber insurance market, according to Swiss Re’s latest report. That sluggishness comes despite rising global cyber risks. Premium growth has declined from double-digit expansion in 2017–2022 to single-digit growth today. Global premiums are expected to reach USD 15.6 billion in 2025. The compound annual … Read more