The Source for Cyber Insurance News, Insights and Data
Ransomware Attacks Surge Again in 2024 Ransomware attacks rose nearly 20% in 2024, according to At-Bay’s newly released 2025 InsurSec Report. The severity of these cybercrime attacks also jumped 13%. The report, grounded in real claims data, shows the digital battlefield is getting riskier, especially impacting cybersecurity for mid-sized businesses. Companies earning between $25 million … Read more
Worldwide Cyber Threats Surge Against Small Businesses It is a refrain repeated again and again. The cyber risk small businesses face as cybercriminals increasingly target them needs more attention. Small businesses represent the low-hanging fruit. CyberCube’s H1 2025 Global Threat Briefing highlights that 75% of ransomware cases affected companies with 11 to 1,000 employees. Small … Read more
Why Consumers Underestimate Personal Cyber Insurance and How to Bridge the Gap Insurance agents recognize the pressing threat of cybercrime, but their clients are slow to act. According to the Insurance Information Institute (Triple-I) and HSB’s latest report, Addressing the Personal Cyber Protection Gap, 84% of insurance agents understand the importance of personal cyber insurance. … Read more
The cyber insurance market is stabilizing as cyber underwriting practices and pricing models mature. Rate volatility is decreasing, and coverage options are expanding. A new report from Risk Placement Services (RPS) highlights key trends shaping the market in early 2025. It touches on cybersecurity, data breaches, ransomware, AI-powered cyberattacks, and AI as a defensive tool, … Read more
Ransomware Attacks Hit All-Time Highs Travelers today released its Q4 2024 Cyber Threat Report, revealing an unprecedented surge in ransomware attacks. The report highlights that ransomware operators have shifted tactics from mass-scale exploits to more repeatable attack methods. According to the report, 1,663 victims were posted on leak sites in Q4 2024, marking a 32% … Read more