Ransomware

Executives Underestimate Cyberattack Costs, Willis Warns in 2025 Report

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Shocked executives reviewing cyberattack cost reports in a modern boardroom, holding long invoices as red dollar signs and financial graphs rise behind them, illustrating underestimated cybersecurity risks, ransomware losses, data breach costs, cyber insurance exposure, and corporate cyber resilience challenges in 2025.

Corporate leaders continue to underestimate the real cost of cyberattacks. The incident response data tells a painful and expensive story. In Willis’ new Cyber in Focus 2025 report, costs hit staggering heights, betraying a disconnect between perceived cyber readiness and actual cyber resilience: Despite these figures, many executives still express confidence in their cyber readiness. … Read more

At-Bay Launches New Cyber Insurance Coverage for Ransomware and Financial Fraud

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Ransomware and financial fraud attacks are increasingly targeting businesses with higher frequency and greater cost. Mid-market companies now face average ransomware losses of nearly $470,000 and financial fraud claims of about $270,000. Many standard policies fall short of covering these risks. At-Bay has launched new InsurSec solutions designed to close that gap. The industry-first packages … Read more

Ransomware, AI, and Fines: Hiscox Report Urges SME Cybersecurity Action

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SMEs at the Heart of the Global Economy Small and medium-sized enterprises (SMEs) matter. They power half of the global economy. They drive innovation, jobs, and growth. At the same time, they face relentless cyber risks that threaten their survival. The 2025 Hiscox Cyber Readiness Report highlights the urgency of stronger SME cybersecurity. “More than … Read more

Cybersecurity Workforce Crisis: ISACA 2025 Report Reveals Budget, Staffing, and Insurance Gaps

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Overworked cybersecurity analyst in a dark office surrounded by glowing monitors showing cyber attack warnings and threat graphs, symbolizing staffing shortages, rising cyber threats, and the growing need for cyber insurance.

Factories once ground to a halt due to a lack of steel. Today, it’s cybersecurity talent. ISACA’s State of Cybersecurity 2025 reveals that enterprises are understaffed, underfunded, and unprepared for the challenges ahead. This lack of cybersecurity investment comes as cyber risks mount and reliance on cyber insurance grows. Attacks Rising, Confidence Fading The ISACA … Read more

Cyber Risk Escalates as 48% of Breaches Go Unreported, New 2025 Report Warns

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Three executives in a modern office sit at a conference table striking the ‘see no evil, hear no evil, speak no evil’ poses while large digital screens behind them display urgent warnings of a cyberattack. The scene illustrates leadership denial during an AI-driven attack, data breach, or DDoS incident, symbolizing corporate inaction toward rising cyber risk.

Cyberattacks Hidden from Leadership – Cyber risk! What cyber risk? Almost half of cybersecurity leaders did not report material breaches to their boards in the past year. The 2025 Cyber Threat Landscape Report by VikingCloud shows that 48% of leaders kept incidents from executives. Alarmingly, 22% admitted to hiding five or more breaches. Leaders cite … Read more

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