Cyber Insurance Claims Surge: BEC and Fraud Top Coalition’s Report on 2024 Insurance Claims

Coalition’s newly released 2025 Cyber Claims Report outlines key cyber trends that shaped the digital threat landscape and influenced insurance outcomes for its policyholders across 2024. The report reveals that business email compromise (BEC) and funds transfer fraud (FTF) dominated claims, accounting for 60% of all incidents. Coalition notes its proactive “Active Insurance” model played … Read more

Cyber Insurance Compliance Demands Drive Enterprise Shift to Software Pentesting in 2025 | Key Findings

In a striking shift in enterprise cybersecurity, a majority of U.S. businesses are now shaping their defense strategies to meet cyber insurance compliance. According to Pentera‘s 2025 State of Pentesting report, 59% of surveyed enterprises implemented new security solutions specifically at the request of their insurance providers. This trend sees insurers now acting not just … Read more

Cybersecurity Threats and Wire Fraud: How Law Firms Can Avoid Legal Liability in 2025

Attorneys face rising cybersecurity threats as wire fraud schemes grow in frequency and cost. That take and further analysis courtesy of a meandering search of the internet and stumbling across this recent post from Integreon, a global provider of legal and compliance outsourcing. Their article highlights how cyberattacks like business email compromise (BEC) are targeting … Read more

Cyber Insurance Settlements Received by Major Auto Dealers After Hack Last Year – Update

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

Cyber Insurance in Denmark and Sweden: Coalition and Allianz Launch Active Coverage in 2025

Coalition, a U.S.-based “Active” cyber insurance provider, is entering the Nordic market with new offerings in Denmark and Sweden. Services are now live in Denmark as of 1 May 2025 and will begin in Sweden on 8 May 2025. “Active Insurance” combines traditional coverage with real-time cyber risk monitoring and prevention tools to help businesses … Read more

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