The Source for Cyber Insurance News, Insights and Data
News of data breaches and cyberattacks against large corporations seems to make headlines every week. It’s easy for small business owners to think those stories don’t apply to them, but that assumption can leave them vulnerable. Attackers today use automated tools that scan the internet for potential weak spots. Any business that relies on technology, … Read more
Corporate leaders continue to underestimate the real cost of cyberattacks. The incident response data tells a painful and expensive story. In Willis’ new Cyber in Focus 2025 report, costs hit staggering heights, betraying a disconnect between perceived cyber readiness and actual cyber resilience: Despite these figures, many executives still express confidence in their cyber readiness. … Read more
Security Leaders Expect Cyberattacks Soon – Proofpoint’s 2025 Voice of the CISO report delivers a stark message: most chief information security officers (CISOs) feel under siege. “76% feel their company is at risk of a material cyberattack within the next 12 months,” the report states. That’s up from 70% last year. More than a third … Read more
We’ve reported extensively on the SEC cyber disclosure rule that requires public companies to submit 8-K filings when they’re hit with cyber attacks. For some reason, the rule has attracted criticism from several media outlets in recent days. Earlier this week Bloomberg Law provided a critical review (under paywall) of how companies have responded to … Read more
Senators Shelley Moore Capito (R-W.Va.) and John Hickenlooper (D-Colo.) reintroduced the bipartisan Insure Cybersecurity Act to safeguard small businesses against rising cyber threats. According to Accenture’s Cybercrime study, nearly 43% of cyber-attacks target small businesses, yet only 14% feel adequately prepared despite spending between $826 and $653,587 per incident. As many know, 95% of breaches … Read more