Sophos

Retail Ransomware Demands Double to $2M — Why Ransomware Cyber Insurance Matters Now

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Retail ransomware attacks have been in the news. Co-op’s shutdown exposed a coverage gap; it carried no cyber insurance. Marks & Spencer, insured, saw its statutory profit plunge 99% to £3.4m and received £100m in insurance payments. Sam’s Club (Walmart), Victoria’s Secret, Dollar Tree, the list could go on. Sophos’ new report, “State of Ransomware … Read more

New Cyber Insurance Program: Sophos and Capsule Team Up to Support UK MSPs

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Sophos has partnered with Capsule, a UK-based cyber insurance broker. The plan? Simplify insurance access for small and medium-sized businesses (SMBs) using Sophos cybersecurity solutions through managed service providers (MSPs). This program addresses the growing demand for cyber insurance and helps SMBs avoid long application processes and complex technical criteria. Chris Bell, senior vice president … Read more

Sophos to Acquire Secureworks in $859 Million Deal, Expanding Cybersecurity Portfolio

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As cyber threats continue to rise globally, the demand for advanced cybersecurity solutions has never been greater. Organizations of all sizes are increasingly investing in technologies that can prevent, detect, and respond to sophisticated cyberattacks, driven by a growing threat landscape and heightened geopolitical tensions. With this surging demand in mind, Sophos has announced its … Read more

Cybersecurity Skills Shortage Poses Significant Risks for Small and Mid-Sized Businesses (SMBs)

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Small and mid-sized businesses (SMBs) are grappling with a critical shortage of cybersecurity skills, leaving them vulnerable to increasingly sophisticated cyberattacks, according to a recent report from Sophos. The report, published in October 2024, highlights the disproportionate impact of the global cybersecurity talent shortage on organizations with fewer than 500 employees. These businesses, it warns, … Read more

Two-Thirds of Healthcare Organizations Hit by Ransomware – A Four-Year High, Survey Finds

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Healthcare organizations are facing a surge in ransomware attacks, with a string of high-profile incidents highlighting the vulnerabilities in the sector. From the attack on Ireland’s Health Service Executive in 2021 to the recent breach of Prospect Medical Holdings in the United States, cybercriminals continue to target healthcare providers, often disrupting patient care and risking … Read more

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