“We’re Still One Big Systemic Event Away”: A Conversation with Willis’ Peter Foster

WTW Logo in article with Peter Foster on Cyber Insurance Market.

The Biggest Threat: Concentrated Vendor Risk Peter Foster does not hesitate. “The third-party risk is the systemic risk that most underwriters worry about,” he says. “If you compromise 100 to 1,000 companies at a single point of failure, that’s the future risk that’s also here and now.” Foster, Chairman of Willis’ Global FINEX Cyber Solutions, … Read more

Cowbell Expands Cyber Insurance Leadership with Strategic Mid-Market and Claims Appointments

Cowbell, a provider of adaptive cyber insurance and specialty coverage for small and mid-sized businesses, announced two senior appointments to accelerate growth in North America and enhance claims operations. Jessica Klipphahn and Stephanie Hewerdine have joined the firm. North America Mid-Market Expansion Jessica Klipphahn joins Cowbell as Head of North America Mid-Market, bringing over 15 … Read more

Extortion and Ransomware Drive Over Half of Cyberattacks, Microsoft Warns in 2025 Digital Defense Report

Hero image for Microsoft’s 2025 Digital Defense Report article showing a glowing digital padlock and bold headline, “Over Half of Cyberattacks Are Driven by Extortion and Ransomware,” symbolizing cyber insurance, ransomware defense, and data protection.

A New Era of Cyber Threats An increasingly evident arms race is unfolding in cyberspace. Algorithms duel, AI fights AI, and every click could spark a crisis. Microsoft’s new Digital Defense Report 2025 warns that the digital battlefield has gone fully commercial — and cash, not chaos, is the new currency of attack. In 2025, … Read more

Cyber Insurance for Small Businesses: New Report Warns of AI-Powered Threats and Uninsurable Risks

AI Is Reshaping the Cyber Risk Landscape for SMBs A new report from Cork Protection warns that small and medium-sized businesses (SMBs) face an unprecedented wave of AI-driven cyber threats. The report, SMB Cyber Defense 2026, describes a digital landscape where artificial intelligence is being weaponized to automate cyberattacks at machine speed. Once considered secondary … Read more

Global Ransomware Attacks Surge 34%: KELA Warns of National Security Threat

Ransomware Becomes a Weapon of National Disruption Ransomware has evolved from a corporate nuisance into a full-scale national security threat. According to KELA’s National Cybersecurity Report: Ransomware, attacks surged 34% year-over-year between January and September 2025. Nearly half of these attacks targeted critical infrastructure sectors, including manufacturing, healthcare, energy, transportation, and finance. Lin Levi, Threat … Read more

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