The Source for Cyber Insurance News, Insights and Data
The Jaguar Land Rover cyberattack exposed urgent supply chain weaknesses. Orders to hundreds of small suppliers vanished within days. Cash flow threats hit immediately. That incident now shapes how insurers address cyber insurance coverage for small and mid-sized businesses, prompting a shift in how risk is evaluated for these companies. “The cyber attack suffered by … Read more
Cyberattacks are costing businesses millions – 88% of global cyber losses now tied to claims above $1 million, according to AXA XL. Analysis of more than 300 incidents reveals a stark reality: ransomware alone drives over 60% of recent large claims, with ransom demands spiking to an average of $32 million in 2023. The report, … Read more
Time off can be a gift—when it’s planned. But when work screeches to a halt because of a disruptive cyber event, the losses are more than just productivity. A new report from QBE Insurance reveals that 1 in 7 businesses suffered an unplanned business interruption of one working day or more in the past 12 … Read more
Highly Efficient Supply Chains Expose Global Firms to Cybersecurity Threats Today’s interconnected global economy has produced exceptionally efficient supply chains, but at a growing cost: cybersecurity vulnerability. According to WTW’s newly released 2025 Global Supply Chain Risk Report, cyber threats are now a central concern in supply chain risk management. Based on replies from 1,000 … Read more
We recently told you how a cyber insurance settlement of $30 million boosted Q1-2025 results for Sonic Automative, which was hit by the ransomware attack last year on CDK Global, provider of software for auto dealerships. Now two more of America’s largest auto dealers have made public filings touching on the hack and their actual … Read more