Ransomware, AI, and Fines: Hiscox Report Urges SME Cybersecurity Action

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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

Cybersecurity Workforce Crisis: ISACA 2025 Report Reveals Budget, Staffing, and Insurance Gaps

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Overworked cybersecurity analyst in a dark office surrounded by glowing monitors showing cyber attack warnings and threat graphs, symbolizing staffing shortages, rising cyber threats, and the growing need for cyber insurance.

Factories once ground to a halt due to a lack of steel. Today, it’s cybersecurity talent. ISACA’s State of Cybersecurity 2025 reveals that enterprises are understaffed, underfunded, and unprepared for the challenges ahead. This lack of cybersecurity investment comes as cyber risks mount and reliance on cyber insurance grows. Attacks Rising, Confidence Fading The ISACA … Read more

AI Risk Insurance: Ransomware Redux or Industry Reinforcement Learning?

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I Risk insurance illustration showing an umbrella labeled insurance protecting servers, laptops, and AI technology, symbolizing risk transfer and coverage clarity.

AI Risk Insurance: Can Cyber and Tech E&O Policies Keep Up with Autonomous Agents? If you were a Replit customer and its AI agents mistakenly wiped your entire production database containing 1K+ companies and execs data, would you expect your cyber policy to cover the resulting lost revenue (BI & CBI) and costs to restore … Read more

Another Large UK Company Caught with Inadequate Cyber Insurance? The Co-operative Group Appears Underinsured.

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The Co-operative Group is a British operator of retail stores, funeral homes and other businesses. Like Marks and Spencer, another major UK retailer, the Co-op, which generates billion-of-dollars in yearly revenue, has been hit with a major cyber attack. But compared to Marks and Spencer, the Co-op appears to be grossly underinsured for cyber threats. … Read more

Jaguar’s New Tagline is “Copy Nothing,” but its Cyber Insurance Disaster Suggests “Penny Wise, Pound Foolish” Might be More Apt

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Jaguar Land Rover, also known as JLR, was hit with a cyber attack last month that forced the company to shut down its tech systems and assembly lines, with billions-of-dollars of damages and lost sales potentially far exceeding JLR’s pre-tax profit last fiscal year. Sounds like time for the car maker’s cybersecurity insurance policy to … Read more

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