The Source for Cyber Insurance News, Insights and Data
British retailer Marks & Spencer has started receiving substantial cyber insurance claims payouts from its April cyberattack. “Insurance income proceeds of £100.0m (app. $132 million), in respect of the incident, recorded centrally in adjusted profit,” the Company reported in its November 5th earnings report. But headlines on the report focused on the dramatic decrease in … Read more
Corporate security leaders are getting clearer about cyber liability insurance even as they rush toward a passwordless future. According to Portnox’s new report, CISO Perspectives for 2026, chief information security officers (CISOs) are stabilizing their insurance strategies while rethinking identity and access management, zero trust, and artificial intelligence risks. The report, based on responses from … Read more
Email: The Modern Business Lifeline Under Siege From handwritten letters to telegrams and fax machines, business communication has always relied on trust and speed. Email revolutionized that; it is instant, global, and indispensable. But with that dependence comes danger: more than a third of all spam emails are designed to harm, according to VIPRE Security … Read more
Coalition has announced the acquisition of Wirespeed, an automated cybersecurity platform that processes threat detections in milliseconds. The move integrates managed detection and response (MDR) with Coalition’s cyber risk management tools and cyber insurance coverage, offering faster, automated protection against evolving cyber threats. Automated MDR Meets Active Insurance Joshua Motta, Coalition’s CEO, said the acquisition … Read more
Retail ransomware attacks have been in the news. Co-op’s shutdown exposed a coverage gap; it carried no cyber insurance. Marks & Spencer, insured, saw its statutory profit plunge 99% to £3.4m and received £100m in insurance payments. Sam’s Club (Walmart), Victoria’s Secret, Dollar Tree, the list could go on. Sophos’ new report, “State of Ransomware … Read more