The Source for Cyber Insurance News, Insights and Data
Infostealers and Ransomware Surge as Cybercriminals Expand Tactics Cybercrime has reached “an unprecedented level of sophistication,” according to KELA’s State of Cybercrime 2024 cybersecurity report. The study highlights how cybercriminals are forming alliances, adopting artificial intelligence (AI), and exploiting vulnerabilities at a scale never seen before. A Year of Alarming Growth in Cyber Threats Infostealer … Read more
Almost all, a staggering, 96% of ransomware incidents now involve data breaches with data theft. This marks a significant shift in cybercriminals’ strategies. This is according to Arctic Wolf’s 2025 Threat Report. The cybersecurity report’s findings highlight how threat actors are adapting to stronger cybersecurity defenses by prioritizing cyber extortion and leveraging vulnerabilities for infiltration. … Read more
Industry Growth Driven by New Markets and Products The global cyber insurance market has grown to an estimated $16.6 billion in 2024, according to Guy Carpenter’s latest “Behind the Firewall” report. This represents continued expansion in a market that has stabilized following sharp premium increases in 2021 and 2022. North America remains the dominant player, … Read more
SMEs Struggle to Keep Up with Cybersecurity Standards Small and medium-sized enterprises (SMEs) in the European Union are falling behind larger organizations in cybersecurity, according to a new report by Marsh in collaboration with the Federation of European Risk Management Associations (FERMA). The report, Why the Cybersecurity Gap Between SMEs and Large Organisations Matters, reveals … Read more
Resilience has expanded its partnership with UK-based insurer RSA to offer surplus lines of cyber insurance to US businesses through London’s wholesale market. The move allows companies with revenue between $75 million and $10 billion to access coverage outside traditional US markets. Expanded Cyber Insurance Capacity Resilience’s new initiative enables US clients to secure cyber … Read more