The Source for Cyber Insurance News, Insights and Data
Lack of Visibility Leaves Leaders in the Dark Cyber risk communication is broken. And then there’s the third-party risk and the “burnout.” Bitsight’s new “State of Cyber Risk and Exposure 2025” report reveals that only 28% of organizations say they’re “very effective” at communicating cyber risk to leadership. But a critical connection emerges: firms with … Read more
M&S Cyberattack Set the Stage for a Sector-Wide Alarm – Earlier this year, Marks & Spencer suffered a devastating cyberattack. The breach was severe, costing at least £300 million in lost profits. Chairman Archie Norman described the attack to Parliament as “traumatic.” The attackers used sophisticated impersonation and exploited M&S’s legacy systems. This event exposed … Read more
The Writing on the Wall: A Crisis Security Leaders Can’t Ignore Cybersecurity experts have seen the warning signs for years. Sharon Isaaci, co-founder and CEO of Tonic Security, recalls the “writing on the wall” that others missed. As a former CISO and advisor to Fortune 500 companies, he often witnessed data breaches caused by known, … Read more
Knowledge Drives Better Protection – That’s the focus behind DynaRisk’s $4.7 million investment round, led by YFM Equity Partners. The London-based cyber risk firm will utilize the funds to accelerate its global expansion and expedite the development of its cybersecurity technology for insurers. Backing Innovation in Cyber Risk Tools Founded in 2016 by former banking … Read more
Insurance giant Aflac will report its Q2 financial results on August 5th. Although its press release is silent on the topic, it seems likely the company cannot duck providing more detail on the cyber event 8-K it filed with the SEC last month disclosing “unauthorized access to its network.” The company has blamed the penetration … Read more