The Source for Cyber Insurance News, Insights and Data
The Marks & Spencer hack — which might cost the retailer $400 million in profits, erased even more in market cap and could lead to cyber insurance claims of at least $133 million — is just one of three recent hacks of large British retailers. “At some point the increase in frequency and severity — … Read more
GenAI Surges Ahead, But Security Gaps Widen Thales’ 2025 Data Threat Report reveals that enterprises are embracing generative AI (GenAI) faster than ever. One-third of surveyed organizations report being in the “integration” or “transformation” phase. Yet, only a small portion have adjusted cybersecurity measures to match this rapid AI adoption. Nearly 70% cite the GenAI … Read more
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
Data Breach Costs Soar, Heightening Need for New Solutions Kyndryl has announced new data security services in collaboration with Microsoft. The launch comes as data breaches continue to hammer industries with high costs and rising cybersecurity and cyber insurance challenges. Kyndryl’s new offering, called Kyndryl Consult Data Security Posture Management, uses Microsoft Purview technologies. The … Read more
The CyberEdge Wake-Up Call If you can’t trust a cybercriminal, who can you trust? The 2025 Cyberthreat Defense Report (CDR) by CyberEdge Group exposes a harsh truth. Victims who make ransomware payments only recover data half the time. That’s right, more than 45% of organizations don’t recover data and walk away empty-handed. Based on a … Read more