Cyber Insurance

Top News about Cyber Insurance

Large Cyber Claims Surge: AXA XL Study Finds 88% of Losses Driven by Major Attacks

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Cyberattacks are costing businesses millions – 88% of global cyber losses now tied to claims above $1 million, according to AXA XL. Analysis of more than 300 incidents reveals a stark reality: ransomware alone drives over 60% of recent large claims, with ransom demands spiking to an average of $32 million in 2023. The report, … Read more

BOXX Insurance and mShift Partner to Expand Cyber and Professional Liability Insurance Access

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BOXX Insurance announced a new partnership with Millennial Shift Technologies (mShift) to expand access to cyber and professional liability insurance. The agreement will enhance broker access to BOXX’s Cyberboxx® Business, an all-in-one solution combining cyber insurance with cybersecurity services. Streamlined Access for Brokers The partnership enhances broker access to BOXX’s Cyberboxx® Business, an all-in-one solution … Read more

DUAL Group partners with KYND to boost cyber insurance offerings

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Partnership Enhances Global Cyber Capabilities DUAL Group has partnered with KYND to expand and strengthen its cyber insurance portfolio. The collaboration delivers advanced cyber risk intelligence to support underwriting, broker services, and client protection. Cyber risk continues to grow as businesses rely more heavily on digital operations. Insurers must identify exposures quickly while providing tools … Read more

UK Enterprises Turn to Software-Based Pentesting Amid Rising Cyber Threats

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Digital map of the United Kingdom glowing with blue network lines, red cyber breach points, and blue defense shields, symbolizing cybersecurity threats, defenses, and pentesting in the UK. And spending on pentesting.

Rising Breaches Push Firms Toward New Testing Methods – UK enterprises are under heavy fire. According to Pentera’s State of Pentesting 2025 – United Kingdom report, 75% of organisations suffered a breach in the past two years, and most endured significant damage. At the same time, enterprises are reshaping their defense strategies. 61% now use … Read more

Ransomware Costs Surge 17% in 2025 Despite Fewer Cyberinsurance Claims

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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

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