The Source for Cyber Insurance News, Insights and Data
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
Ransomware Attacks Surge Again in 2024 Ransomware attacks rose nearly 20% in 2024, according to At-Bay’s newly released 2025 InsurSec Report. The severity of these cybercrime attacks also jumped 13%. The report, grounded in real claims data, shows the digital battlefield is getting riskier, especially impacting cybersecurity for mid-sized businesses. Companies earning between $25 million … Read more
A Timely Launch for a Growing Cyber Risk Landscape As digital transformation accelerates, technology companies face mounting pressure to stay ahead of cybersecurity risks. Recognizing this, Resilience, a global cyber risk management firm, has launched a new Technology Errors and Omissions (Tech E&O) cyber insurance offering for enterprises in the United Kingdom and Europe. The … Read more
The cyber insurance market is stabilizing as cyber underwriting practices and pricing models mature. Rate volatility is decreasing, and coverage options are expanding. A new report from Risk Placement Services (RPS) highlights key trends shaping the market in early 2025. It touches on cybersecurity, data breaches, ransomware, AI-powered cyberattacks, and AI as a defensive tool, … Read more