The Source for Cyber Insurance News, Insights and Data
Munich Re Group will acquire At-Bay, the US cyber insurtech. The price is $575 million. Munich Re announced the deal Wednesday. It should close in the first quarter of 2027, pending regulatory approval. At-Bay will sit inside Hartford Steam Boiler (HSB). HSB is Munich Re’s technology-focused specialty arm. It has backed At-Bay since the company’s … Read more
At-Bay’s analysis of more than 6,500 claims documents how Akira ransomware and a single VPN brand reshaped the cyber insurance loss landscape in 2025. Cyber insurance claims hit record highs in 2025. Frequency rose 7% year-over-year. Average severity climbed to an all-time high of $221,000. Those are the headline numbers. The story behind them is … Read more
Ransomware and financial fraud attacks are increasingly targeting businesses with higher frequency and greater cost. Mid-market companies now face average ransomware losses of nearly $470,000 and financial fraud claims of about $270,000. Many standard policies fall short of covering these risks. At-Bay has launched new InsurSec solutions designed to close that gap. The industry-first packages … Read more
A Wake-Up Call for Mid-Market and Small Business Cybersecurity Cyber risk is no longer a distant concern for mid-market and small businesses. In 2024, cyber insurance claim frequency spiked by more than 15%, with companies generating $100–$500 million in revenue facing a staggering 48% increase, according to At-Bay’s 2025 InsurSec Report. In response to this … Read more
InsurSec provider At-Bay has introduced two email security solutions aimed at reducing financial fraud claims. The new offerings, At-Bay Stance Fraud Defense and At-Bay Stance MDR for Email are designed to prevent email-based fraud, which is responsible for 90% of financial fraud incidents, according to At-Bay data. Financial Fraud on the Rise The Federal Trade … Read more