The Source for Cyber Insurance News, Insights and Data
British retailer Marks & Spencer has started receiving substantial cyber insurance claims payouts from its April cyberattack. “Insurance income proceeds of £100.0m (app. $132 million), in respect of the incident, recorded centrally in adjusted profit,” the Company reported in its November 5th earnings report. But headlines on the report focused on the dramatic decrease in … Read more
Email: The Modern Business Lifeline Under Siege From handwritten letters to telegrams and fax machines, business communication has always relied on trust and speed. Email revolutionized that; it is instant, global, and indispensable. But with that dependence comes danger: more than a third of all spam emails are designed to harm, according to VIPRE Security … Read more
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