The Source for Cyber Insurance News, Insights and Data
News of data breaches and cyberattacks against large corporations seems to make headlines every week. It’s easy for small business owners to think those stories don’t apply to them, but that assumption can leave them vulnerable. Attackers today use automated tools that scan the internet for potential weak spots. Any business that relies on technology, … Read more
Cyber Claims in the UK See Second-Highest Spike on Record The UK cyber insurance market faced intense pressure in 2024. Marsh’s new cyber insurance report states that claims volumes hit the second-highest level ever. Although 2024 claims were 20% lower than 2023, they remained one-third higher than in 2020–2022. Ransomware attacks, supply chain breaches, and … Read more
Report Highlights How Businesses Can Reduce Cyber Risk as Threats Persist Coalition, an active insurance provider, has released its Cyber Threat Index 2025, shedding light on the dominant cybersecurity threats from 2024 and what to expect in the coming year. The report reveals that most ransomware incidents in 2024 began with compromised virtual private networks … Read more
Healthcare data breaches soared in 2024, with a staggering 305 million patient records compromised, according to Bluesight’s 2025 Breach Barometer. The report highlights a rise in cyberattacks, delayed breach notifications, and increasing cyber insurance costs. All this adds financial pressure to an already strained industry. Largest Healthcare Breach in History In one case a single … Read more
Global Cyber Attacks on Manufacturers Increase Sharply A recent Omdia report commissioned by Telstra International highlights a surge in cyber attacks on manufacturing firms. The study reveals that 80% of manufacturers experienced security breaches last year, yet only 45% are adequately prepared. With the rise of Industry 4.0 and IT-OT convergence, the industry faces heightened … Read more