Ransomware

Cyber Threat Surge Hits Manufacturing and Healthcare; Uptick in Attacks On Agriculture and Food Sectors

by

Industrial Cyber Threats Escalate Rapidly Industrial operations across critical sectors, including energy, manufacturing, transportation, and water infrastructure, are facing a steep surge in cyber threats. According to Honeywell’s 2025 Cyber Threat Report, ransomware attacks rose by 46% in the first quarter of the year alone. The dramatic uptick reflects a growing assault on the operational … Read more

Private Equity Cybersecurity Gap: Alarming Stats & What Firms Must Fix in 2025

by

Private Equity Faces Escalating Cybersecurity Risks Private equity firms are navigating an increasing number of cyber risks. These firms manage large volumes of sensitive data. They interact with interconnected networks of portfolio companies and third-party providers. This interconnectedness creates vulnerabilities. If one link in the chain is breached, the entire chain can be at risk. … Read more

Crowe Highlights Persistent UK Cyber Risks in 2025 Survey

by

Major UK retailers, including Marks & Spencer and Harrods, have suffered severe cyber attacks in recent weeks. The cliché gloom of “rainy old London town” has rarely felt more literal—or more symbolic—or maybe it’s more digital—than in the wake of recent cyberattacks on UK retailers. As shoppers braved the drizzle outside Harrods and M&S, attackers … Read more

Cyber Insurance Premiums to Increase after Marks & Spencer Cyber Attack?

by

The Marks & Spencer hack — which might cost the retailer $400 million in profits, erased even more in market cap and could lead to cyber insurance claims of at least $133 million — is just one of three recent hacks of large British retailers. “At some point the increase in frequency and severity — … Read more

Cyber Insurance Claims Surge: BEC and Fraud Top Coalition’s Report on 2024 Insurance Claims

by

Coalition’s newly released 2025 Cyber Claims Report outlines key cyber trends that shaped the digital threat landscape and influenced insurance outcomes for its policyholders across 2024. The report reveals that business email compromise (BEC) and funds transfer fraud (FTF) dominated claims, accounting for 60% of all incidents. Coalition notes its proactive “Active Insurance” model played … Read more

×