Estimated reading time: 3 minutes
Cybersecurity: Not Just a Boardroom Issue –
Cybersecurity isn’t just a boardroom issue. It’s personal. In the latest episode of the Cyber Insurance News & Information Podcast, veteran journalist Danny Palmer joins host Martin Hinton for a timely, eye-opening conversation on how cybercrime has transformed over the past decade and what’s coming next. For the largest corporations to folks enjoying retirement, everyone needs to raise their guard.
View This Clip – Ransomware goes 9-5
From $500 Ransom Demands to Global Shutdowns
Palmer has reported on cybersecurity since 2012. His first ransomware story involved a modest £350 (about $500) demand from hackers targeting a UK council. Today, he’s covering cyberattacks that cripple global shipping and force major retailers offline. According to Palmer, cyber threats have scaled into a corporatized criminal ecosystem. And it’s only getting worse.
Real-World Consequences: Marks & Spencer’s
The recent cyberattack on Marks and Spencer’s left store shelves empty and the website down for days. It shook consumer trust and sent stock prices diving. This example reveals how cyber incidents affect everyone—from shoppers to shareholders—and why public awareness matters.
Get The Cyber Insurance News Upload Delivered
Every Sunday
Subscribe to our newsletter!
The Rise of AI Deepfakes in Cybercrime
Another growing threat is AI-driven deepfakes. Cybercriminals are now impersonating CEOs and executives using synthetic voices and video to trick employees into transferring millions. One Hong Kong-based employee did just that. The tech is so realistic that even family members and the elderly are falling for scams. This is no longer theoretical; it’s real and dangerous.
Why Transparency and Legislation Matter
Palmer praises recent UK moves to require public institutions to report cyber incidents. Transparency, he argues, improves national cyber hygiene. However, many private firms still choose silence, avoiding responsibility and putting others at risk.
Check it out on YouTube – Like and Subscribe.
The Human Element Remains the Weakest Link
Whether it’s clicking a phishing link or resetting a password for a fake employee, human error is often how attackers get in. Palmer and Hinton emphasize that it’s time to stop blaming users and start empowering them with better tools, training, and support.
What You Can Do Right Now
This episode is a wake-up call for everyone, from tech teams to everyday consumers. If you make yourself a slightly harder target, criminals will move on. In a world where cybercrime costs could reach as much as $10.5 trillion annually, taking even small protective steps can make a massive difference.
🎧 Tune in now to learn how to protect yourself, your business, and your future from today’s evolving cybersecurity threats.
Find Our Podcast
RELATED POSTS
