business interruption

Ransoms Above $10m Went From 15 To 59 In Two Years

by
Ransoms Above $10m Went From 15 To 59 In Two Years. cyber insurance news coverage

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

Recovery Took Twice As Long As Planned. Nobody Priced For That.

by

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

Data Center Cyber Claims Rank Second. The Larger Exposure Is Invisible.

by

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

An AI Broke A Utility’s Firewall Mid-Attack. Now Comes The AI Agent Liability Question.

by
Dark navy server room corridor with rows of network equipment glowing cyan and one darkened appliance showing a single red fault light in cyber insurance news article on AI agent liability.

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

Crime Is Crime. The Invoice Is Not. New UK Research Puts Cyber Incidents At 28% Of Businesses

by
UK business crime and cyber insurance graphic showing a British high street shopfront split between a broken shop window with police tape and a ransomware lock screen, illustrating that only one in ten UK businesses hold a specific cyber insurance policy.

A burglar takes your stock. A hacker takes your Tuesday, your payroll run and your customer list. Both are crime. Both cost money. Only one of them gets insured properly. New research from business lender Capital on Tap surveyed 500 United Kingdom business owners in June 2026. More than one in four, 28%, reported a … Read more

×