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Top News about Cyber Insurance
Market Growth and Projections The global cyber insurance market is projected to grow from $10.37 billion in 2023 to $68.35 billion by 2032, with a compound annual growth rate (CAGR) of 22.90%, according to a report by Market Research Future. Increasing cybersecurity threats, regulatory requirements, and digital transformation are key drivers of this growth. Factors … Read more
The report paints a grim picture: 82% of K-12 organizations experienced cyber incidents, with nearly 14,000 security events recorded and over 9,300 confirmed attacks. The 2025 CIS MS-ISAC K-12 Cybersecurity Report provides a deep dive into the cybersecurity landscape for 5,000 K-12 organizations from July 2023 to December 2024. The study by the Center for … Read more
AXA XL has announced a new partnership with cybersecurity firm Darkweb IQ to strengthen cyber protection for its global cyber insurance clients. This collaboration provides AXA XL clients access to Darkweb IQ’s services at preferential rates. Strengthening Cybersecurity Measures Tim Smit, AXA XL’s Global Head of Cyber Risk Strategies and Partnership Programs, emphasized the importance … Read more
Ransomware Attacks Hit All-Time Highs Travelers today released its Q4 2024 Cyber Threat Report, revealing an unprecedented surge in ransomware attacks. The report highlights that ransomware operators have shifted tactics from mass-scale exploits to more repeatable attack methods. According to the report, 1,663 victims were posted on leak sites in Q4 2024, marking a 32% … Read more
Imagine getting a report card with words like “insufficient,” “misaligned priorities,” and “fragmented defenses.” That’s the current state of industrial control system (ICS) and operational technology (OT) cybersecurity, according to a new report from OPSWAT and SANS Institute. Despite rising cyberattacks targeting critical infrastructure, cybersecurity budgets remain inadequate. The obvious result of insufficient ICS/OT cybersecurity … Read more