The Source for Cyber Insurance News, Insights and Data
Eighty-eight percent of industrial security leaders describe their OT security program as planned or design-led. Twenty-one percent report a complete asset inventory. A program cannot protect equipment nobody has counted. Honeywell Technologies has now put a number on what that gap costs in hours. Its inaugural OT Cybersecurity Benchmark Report surveyed 603 respondents across critical … Read more
Two years ago, NetDiligence counted 15 ransom payments of $10m or more across its entire claims dataset. This year it counted 59. The sixteenth annual Cyber Claims Study, published on 15 September, analyses 10,309 real cyber insurance claims from incidents between 2021 and 2025, contributed directly by cyber insurers. Against the 2024 edition, which covered … Read more
Three-quarters of organizations that suffered a material cyberattack and business interruption in the past year blew through their recovery time objective. On average, recovery took nearly twice as long as the objective they had set. That figure does not appear in Cohesity’s press release. It sits on page six of the full report, and it … Read more
The number cyber underwriters need from Allianz Commercial’s new data center report sits on page 24. It is not fire. Wilful acts, a category Allianz describes as “largely cyber crime related,” account for 19% of data center claims by number. Only water damage ranks higher, at 21%. Fire places third by frequency, at 14%. Fire … Read more
In late June, an energy utility in Australia lost its firewall. The attacker did not want that. Neither did his tool. A suspected ransomware operator had pointed Claude Code at the device. The model tried to rewrite the VPN configuration through the API. Those calls failed. So it downloaded the full device configuration, edited it … Read more