The Source for Cyber Insurance News, Insights and Data
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
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
Social Engineering Used to Breach M&S Systems A cyberattack on Marks & Spencer (M&S) has raised concerns over digital security in the UK retail sector. Sources told BleepingComputer that threat actors allegedly used social engineering to reset an employee password and access internal systems. The tactics mirror those used in other recent attacks on retailers. … Read more
Growing Cyber Risk Meets Uneven SMB Response Small and medium-sized businesses (SMBs) increasingly understand the cyber risks they face, but many still fall short on defense. This is the central theme of CrowdStrike’s newly released 2025 State of SMB Cybersecurity Report. Despite 93% of SMBs reporting awareness of cybersecurity risks, only 36% invest in modern … Read more
The Most Significant Milestone Comes at a High Cost The digital shift to hybrid environments is one of the most important advancements in modern business. However, according to Rubrik’s latest “State of Data Security in 2025” report, this progress comes with a steep price: an unprecedented rise in cyber threats affecting nearly every organization on … Read more