The Source for Cyber Insurance News, Insights and Data
Small Businesses Face Ransomware Reckoning Verizon’s 2025 Data Breach Report (DBIR) highlights a dramatic rise in global cyberattacks. Among the 12,195 confirmed data breaches analyzed, small and medium-sized businesses (SMBs) bore the brunt, especially from ransomware attacks. A staggering 88% of SMB breaches involved ransomware. That is more than double the rate seen in larger … Read more
When hackers hit a hospital, it’s not just data at stake. It’s lives. That’s the stark undercurrent running through the 2024 HIMSS Healthcare Cybersecurity Survey. Released this spring by the Healthcare Information and Management Systems Society (HIMSS), the annual snapshot offers a sobering diagnosis of things like patient data protection and healthcare IT security. As … 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
Rising Family Office Cyber Threats Prompt Urgency Cybercriminals go where the money is, but too many family offices are leaving the vault door wide open. A new report by Deloitte reveals that nearly half of family offices worldwide have suffered cyberattacks in the last two years. Amazingly, 63% operate without cyber insurance. These private financial … Read more
Hyped as the future’s greatest innovation, AI technology is rapidly becoming cybercriminals’ favorite weapon, warns the “2025 AI Threat Report” by KELA. To be fair, the matter of whose future it will innovate leaves much to unfold. Picture AI as a razor-sharp chef’s knife—it can skillfully create gourmet masterpieces. Misused, it can wreak havoc. Cybercriminals, … Read more