The Source for Cyber Insurance News, Insights and Data
Infostealers and Ransomware Surge as Cybercriminals Expand Tactics Cybercrime has reached “an unprecedented level of sophistication,” according to KELA’s State of Cybercrime 2024 cybersecurity report. The study highlights how cybercriminals are forming alliances, adopting artificial intelligence (AI), and exploiting vulnerabilities at a scale never seen before. A Year of Alarming Growth in Cyber Threats Infostealer … Read more
According to Woodruff Sawyer & Co.’s annual survey released Monday, 58% of cyber insurers expect cyber risk will increase “slightly” in 2025. This marks an increase from 44% in 2024 but remains lower than 74% in 2023. Cyber insurance rates dropped for many businesses in 2024, with 66% of Woodruff Sawyer clients experiencing cost reductions. … Read more
The growing sophistication and frequency of cyberattacks should push organizations to rethink their cybersecurity strategies. According to a new KnowBe4 report, “Cyber Insurance and Security: Meeting the Rising Threat,” the intersection of cybersecurity and insurance is becoming a critical focus for businesses. The report highlights the rising costs of cyber incidents, the evolving threat landscape, … Read more
Cyber incidents, including ransomware, data breaches, and IT disruptions, dominate the Allianz Risk Barometer 2025 as the top global business risk, capturing 38% of responses. This marks the fourth consecutive year of cyber-related issues leading the ranking. The growing reliance on technology and the rapid evolution of artificial intelligence (AI) are intensifying concerns worldwide. “For … Read more