The Source for Cyber Insurance News, Insights and Data
Educational institutions worldwide are confronting a significant escalation in cyberattacks, with 77% of schools and universities reporting incidents within the past 12 months, according to a comprehensive new report from cybersecurity firm Netwrix. This figure represents a notable increase from 69% in 2023, highlighting the growing vulnerability of the education sector in the face of … Read more
Here it is—Your Cyber Insurance Sunday—Upload. The latest cybersecurity insurance news. A few items from the week. Some from us, some from others: here’s more. At-Bay and Omdia and the value of InsurSec; Corvus with a reminder about ransomware; Skybox with a warning for utility companies; Halliburton faces a possible hack; And a look at … Read more
With a title like “Ransomware Season Arrives Early,” you might be tempted to crawl back into bed and leave the digital world behind. But before you do, it’s worth reading how serious this season will be. In the second quarter of 2024, global ransomware attacks continued escalating, with the Corvus Insurance report identifying 1,248 victims. … Read more
Cybersecurity incidents have become a major financial burden for businesses worldwide, with losses reaching billions annually. In 2023 alone, the global economy lost an estimated $10.5 trillion due to cybercrime, a stark reminder of the increasing cyber threat landscape. As these threats continue to evolve, a new study by Omdia, in collaboration with At-Bay, highlights … Read more
A staggering 87% of utility and energy companies have been hacked at least once in the past thirty-six months, according to a Skybox Security study. Despite this alarming statistic, many of these companies remain confident in their cybersecurity defenses, highlighting a dangerous gap between perception and reality. The study points to poor password practices, misconfigurations, … Read more