The Source for Cyber Insurance News, Insights and Data
We’ve reported on large companies that were hacked recently but either had no cyber insurance, or were underinsured. Could the Qantas Group (Qantas Airlines) be another one? The company’s board has (modestly) cut executive pay over its June hack, which revealed information on 5.7 million customers, according to the Qantas annual report released last month. … Read more
Rising Threats to Small Firms Ransomware, data theft, and business email compromise (BEC) keep hitting small firms. Many small operations lack dedicated cybersecurity. A single outage can halt revenue and drain cash. In times like that, small business cyber coverage can fuel the recovery. Hartford Rolls Out Integrated Coverage The Hartford expanded cyber insurance for … Read more
Cyberinsurance Claims Drop While Ransomware Grows Costlier – Resilience’s 2025 Midyear Cyber Risk Report paints a stark picture. Cyberinsurance claims fell 53% in the first half of 2025 compared to 2024. But the cost of ransomware claims rose 17%. “Fewer incidents escalate to incurred losses, but when they do hit, they’re hitting harder,” said Jeremy … Read more
Password Cracking Doubles in One Year – You could say it’s as easy as 1,2,3… Passwords remain the weakest link in enterprise defense. Picus Security’s new Blue Report 2025 shows cracked password hashes in 46% of environments. That’s nearly double last year’s 25%. The surge reflects poor password policies and reliance on outdated hashing methods. … Read more
Fools Rush In – “Bypassing Security” – “Organizations are bypassing security and governance for AI in favor of do-it-now AI adoption.” That line in the press release announcing IBM’s latest Cost of a Data Breach Report 2025 rings with urgency. It evokes the old line, “Fools rush in,” penned by English poet Alexander Pope in … Read more