Ransomware

Manufacturing Cybersecurity Rises to Board-Level Priority as AI Adoption Accelerates

by

Manufacturing cybersecurity now commands board attention. Rockwell Automation’s 10th “State of Smart Manufacturing” places cyber threats second among external risks, after economic conditions. Our coverage earlier this week highlighted extreme Operational Technology (OT) loss models nearing $330 billion. Business interruption alone could exceed $172 billion. The stakes for plants and insurers keep rising. Smart manufacturing … Read more

Cyber Insurance in 2025: Costs, Claims, and a New(ish) Playbook

by

NOT IF BUT WHEN – Cyber risk moves markets and balance sheets. It hits fast and hard. Marks & Spencer forecasts about £300 million in lost operating profit after its April ransomware attack this year. Clorox is suing Cognizant for $380 million over a breach tied to 2023, with the claim filed this year. SK … Read more

Cyber Insurance for UK SMEs: Adoption Gaps, Real Losses, Next Steps

by

Cyber insurance for small and medium-sized enterprises faces clarity and cost hurdles – Despite SME leaders recognising cyber risk, nearly half of uninsured firms self-insure. That choice invites financial ruin after major attacks. Surveying 104 SMEs about cyber insurance, the UK Government’s Department for Science, Innovation and Technology commissioned this study to map the gap. … Read more

Buy Coverage Now Before Cyber Insurance Premiums Increase: Gallagher

by

The cyber insurance market remains soft, reports broker Gallagher Specialty, and now is the time to purchase coverage before cyber insurance premiums increase. “There is currently a healthy abundance of capacity, and the market continues to observe greater flexibility in underwriting and security controls. The competition and growth strategies in underwriting have led to better … Read more

Cybersecurity Exposed: Ransomware, AI Deepfakes & the Threat We Can’t Ignore – New Podcast

by
Cyber Insurance News podcast cover featuring the episode title "Cybersecurity Exposed: Ransomware, AI Deepfakes & The Threat We Can’t Ignore" on a sleek purple and blue gradient background. The design includes a stylized CN logo, emphasizing cybersecurity, ransomware, AI threats, and cybercrime awareness.

Cybersecurity: Not Just a Boardroom Issue – Cybersecurity isn’t just a boardroom issue. It’s personal. In the latest episode of the Cyber Insurance News & Information Podcast, veteran journalist Danny Palmer joins host Martin Hinton for a timely, eye-opening conversation on how cybercrime has transformed over the past decade and what’s coming next. For the … Read more

×