The Source for Cyber Insurance News, Insights and Data
In late June, an energy utility in Australia lost its firewall. The attacker did not want that. Neither did his tool. A suspected ransomware operator had pointed Claude Code at the device. The model tried to rewrite the VPN configuration through the API. Those calls failed. So it downloaded the full device configuration, edited it … Read more
Security leaders trust AI with almost nothing. Their carriers approved ransom payments in half the cases where money moved. A third party made the payment decision in half of the ransomware cases where a ransom got paid. Arctic Wolf names the cyber insurer as the example. The finding sits on page 13 of the company’s … Read more
Ransomware had another worst year on record, which now reads less like a warning than a renewal notice. Black Kite counted 7,551 publicly disclosed ransomware victims in the year to March 31, 2026. That runs 24.9% above the prior period. The annual figure hides the shape of the year. Disclosures tracked close to the prior … Read more
On Friday, 19 September 2025, ransomware hit a piece of software most travelers never notice. Collins Aerospace runs MUSE. It is the shared check-in system used across many European airports. Heathrow, Brussels, Berlin, and Dublin lost their automated systems. Staff checked passengers in by hand. At least 217 flights were canceled. None of those airports … Read more
A breach can shut a business down for months. Marsh wants insurers paying for that downtime in days, not after the recovery is over. Ransomware does not just lock files. It stops the business. AXA XL’s own claims data found 92% of ransomware incidents caused a business interruption, and the average company needed about two … Read more