The Source for Cyber Insurance News, Insights and Data
Retail ransomware attacks have been in the news. Co-op’s shutdown exposed a coverage gap; it carried no cyber insurance. Marks & Spencer, insured, saw its statutory profit plunge 99% to £3.4m and received £100m in insurance payments. Sam’s Club (Walmart), Victoria’s Secret, Dollar Tree, the list could go on. Sophos’ new report, “State of Ransomware … Read more
A Personal Entry Point: Mom, MFA, And Plain Language Kimber Spradlin begins with her mother. “Even my mom knows what MFA is,” she says. Her mother enabled two-factor authentication on every banking app. That small act signals progress. It also frames Spradlin’s core message. Cybersecurity awareness starts with understanding and clear communication. People act when … Read more
Small and medium-sized enterprises (SMEs) are under cyberattack. According to another report, one in three SMBs globally faced downtime exceeding 24 hours after a cyberattack. At the same time, over half lacked dedicated IT security staff. The cumulative effect of these risks has made cyber resilience an urgent priority for smaller organizations. A QBE Hong … Read more
VPNs from Cisco and Citrix pose the highest ransomware risk, while email-related cyber incidents jumped 30% last year, according to At-Bay’s 2025 InsurSec Rankings Report. The annual study, based on more than 100,000 policy years of claims data, shows that email and remote access together accounted for 90% of cyber insurance claims in 2024. The … Read more
The Biggest Threat: Concentrated Vendor Risk Peter Foster does not hesitate. “The third-party risk is the systemic risk that most underwriters worry about,” he says. “If you compromise 100 to 1,000 companies at a single point of failure, that’s the future risk that’s also here and now.” Foster, Chairman of Willis’ Global FINEX Cyber Solutions, … Read more