Sophos

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

Cyber Insurance Sunday – Upload

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Here it is—Your Cyber Insurance Sunday—Upload. The latest cybersecurity insurance news. A few items from the week: CrowdStrike – we gathered a collection of insurance-focused stories for you to consider; Cysurance and Sophos in Australia; America’s largest trial court falls victim to ransomware; CRC Group with something new. There’s more. Take a look. Share it. … Read more

Which Sectors Have the Highest and Lowest Cyber Insurance Penetration? A Survey from Sophos Has Answers

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The energy, oil/gas and utilities sector has the highest level of cyber insurance coverage, with 97% of surveyed organizations reporting policies (most of them standalone.) The lowest adoption of cyber security coverage is found in the “Central/federal government” and IT, tech and telecom sectors. To be sure, even with the lowest penetration, these two sectors … Read more

Sophos And Cowbell Partner On Cyber Insurance in the UK

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Sophos, a leader in cybersecurity services, has unveiled a new development for businesses in the United Kingdom. Building on their partnership launched in the United States earlier this year, Sophos is teaming up with Cowbell, a provider of cyber insurance tailored for small and medium-sized enterprises (SMEs). The partnership aims to introduce adaptive cyber insurance, … Read more

Policy Holders with Cyber Coverage — Esp. Stand-Alone Cyber Policies — Much More Likely to Pay Ransoms 

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New survey results from Sophos, a provider of cybersecurity as a service, provide interesting data that delineates stand-alone cyber policies from cyber elements in broader policies. “The study also revealed that ransomware victims with standalone cyber insurance policies are almost four times more likely to pay the ransom to recover encrypted data than those without … Read more

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