Cyber insurance stories
![Story image](../../../../../uploads/story/2024/08/16/preview_techday_f151a77b6101bcd0a091.webp)
Cohesity report: firms overconfident in cyber resilience abilities
Last month
#
ransomware
#
financial systems
#
mfa
A new Cohesity survey reveals a stark reality: 67% of firms suffered ransomware attacks in 2024 despite 78% having confidence in their cyber resilience.
![Story image](../../../../../uploads/story/2024/08/13/preview_Raj_Sivaraju__President__APAC__Arete.webp)
Ransomware trends: A threat to insurance business continuity
Last month
#
malware
#
dr
#
ransomware
The rapidly evolving ransomware threat poses a significant risk to business continuity, crucially impacting cyber insurance strategies. Companies must bolster cybersecurity to stay ahead.
![Story image](../../../../../uploads/story/2024/08/06/preview_techday_a2ae8420816710a841fc.webp)
CrowdStrike outage highlights tech flaws: experts demand better cybersecurity
Last month
#
ai security
#
dr
#
cybersecurity
CrowdStrike's botched Falcon Sensor update affected 8.5 million Microsoft Windows devices globally, underscoring major weaknesses in tech infrastructure and sparking industry-wide scrutiny.
![Story image](../../../../../uploads/story/2024/07/30/preview_techday_82b4a3b4756f6bba988c.webp)
Australian firms overestimate cyber resilience as attacks rise
Tue, 30th Jul 2024
#
ransomware
#
advanced persistent threat protection
#
data privacy
Australian companies overestimate their cyber resilience amid rising attacks, with 60% having faced ransomware recently and many willing to pay ransoms.
![Story image](../../../../../uploads/story/2024/07/18/preview_techday_ff1fce4789eaf2c818e8.webp)
Acronis True Image returns with enhanced cybersecurity features
Thu, 18th Jul 2024
#
data protection
#
storage
#
advanced persistent threat protection
Acronis reintroduces True Image with superior cybersecurity, tackling modern threats and offering an all-in-one backup solution for home users.
![Story image](../../../../../uploads/story/2024/07/16/preview_techday_b86d1caaa226576eaa35.webp)
Cyberattack concerns grow among Singapore & Malaysia firms
Tue, 16th Jul 2024
#
ransomware
#
advanced persistent threat protection
#
malaysia
New research reveals alarming cyberattack trends in Singapore and Malaysia, with many companies resorting to paying ransoms.
![Story image](../../../../../uploads/story/2024/07/15/preview_techday_1b669d8f81c8d7e89bcf.webp)
Cysurance & Sophos expand cyber protection program to Australia
Mon, 15th Jul 2024
#
firewalls
#
data protection
#
ransomware
Cysurance partners with Sophos to bring its successful US cyber protection program to Australia, offering enhanced ransomware protection and cyber-insurance policies.
![Story image](../../../../../uploads/story/2024/07/12/preview_techday_96a8212a80dfb776d31f.webp)
Aon & SentinelOne team up to battle cyber threats
Fri, 12th Jul 2024
#
advanced persistent threat protection
#
cybersecurity
#
cybercrime
Global cost of cyber breaches may hit USD $23.84 billion by 2027, prompting Aon and SentinelOne to form a strategic alliance, enhancing cyber insurance processes.
![Story image](../../../../../uploads/story/2024/07/08/preview_techday_976a730671d9a2289c5a.webp)
Small UK businesses face cyber security challenges & solutions
Mon, 8th Jul 2024
#
data protection
#
cybersecurity
#
it strategy
UK firms reported 2.39 million cybercrimes in 2023, with small businesses facing unique challenges. Markel Direct's Rob Rees outlines key strategies for protection.
![Story image](../../../../../uploads/story/2024/07/01/preview_techday_fdad9e736636c1d6faaa.webp)
Survey: investments in cybersecurity needed for insurance
Mon, 1st Jul 2024
#
firewalls
#
ransomware
#
network security
Nearly all companies with cyber insurance have bolstered cybersecurity to meet policy terms, yet recovery costs from attacks, averaging USD $2.73 million, outstrip coverage.
![Story image](../../../../../uploads/story/2024/06/28/preview_techday_8a4932976626489fceaa.webp)
Survey shows 76% of firms boost cyber defences for insurance
Fri, 28th Jun 2024
#
firewalls
#
network security
#
breach prevention
Some 76% of firms bolstered cyber defences to secure insurance, though many remain unclear on coverage specifics amid rising attack recovery costs.
![Story image](../../../../../uploads/story/2024/06/27/preview_techday_f9da147e54414c4926dd.webp)
UK IT leaders express dissatisfaction with cyber insurance options
Thu, 27th Jun 2024
#
threat intelligence
#
it departments
#
leadership
A Coalition study reveals 87.6% of UK's mid-sized business IT leaders have faced cyber-attacks, voicing concerns about current insurance offerings' efficacy.
![Story image](../../../../../uploads/story/2024/06/21/preview_DALL_E_2024-06-21_10.33.51_-_A_dynamic_and_professional_scene_depicting_a_collaboration_in_cybersecurity._A_sleek_office_setting_with_two_business_professionals_discussing_cyberse.webp)
AttackIQ and Trium Cyber partner to grow security solutions
Fri, 21st Jun 2024
#
devops
#
advanced persistent threat protection
#
apm
AttackIQ has partnered with Trium Cyber to provide policyholders with AttackIQ Flex, aiming to boost cybersecurity maturity and mitigate risks.
![Story image](../../../../../uploads/story/2024/06/07/preview_img-4Rm0tHa1TNxIqWJrivIeTLNb.webp)
CrowdStrike launches Falcon for Insurability to aid cyber insurers
Fri, 7th Jun 2024
#
ai security
#
breach prevention
#
cybersecurity
CrowdStrike's new Falcon for Insurability initiative aims to lower underwriting risks for cyber insurers and enhance organisations' cyber resilience using AI-powered defences.
![Story image](../../../../../uploads/story/2024/06/05/preview_img-DR5A0RI93OF0TCi0V4b4naV9.webp)
Survey reveals gaps in IT security training across firms
Fri, 7th Jun 2024
#
advanced persistent threat protection
#
cybersecurity
#
cyber threats
A survey by Hornetsecurity shows 26% of organisations lack IT security training, urging better preparedness against rising AI-driven cyber threats.
![Story image](../../../../../uploads/story/2024/05/29/preview_img-7hjpfL0S9UQHTUCfdLHkiuVK.webp)
BforeAI launches PreCrime Guarantee offering tenfold reimbursements
Thu, 30th May 2024
#
ai
#
risk & compliance
#
online fraud
Cybersecurity firm BforeAI launches PreCrime Guarantee, pledging up to ten times reimbursement of service contracts if their AI fails to prevent a cyberattack.
![Story image](../../../../../uploads/story/2024/05/30/preview_img-usjIqblRGEm7kU4MSQUTCfKd.webp)
MSP survey: cybersecurity skills shortage & technology updates lead challenges
Thu, 30th May 2024
#
firewalls
#
ransomware
#
network security
Sophos' MSP Perspectives 2024 survey reveals that keeping up with the latest cybersecurity technologies is the top challenge for MSPs, according to 39% of respondents.
![Story image](../../../../../uploads/story/2024/05/23/preview_img-MIJMVJqDnzTYc1x31zbbXuLJ.webp)
Rise in ransomware accelerates cyber insurance adoption
Thu, 23rd May 2024
#
ransomware
#
email security
#
ai
Arctic Wolf’s Cybersecurity Report reveals a rise in ransomware and Business Email Compromise attacks, pushing global firms towards increased cyber insurance.
![Story image](../../../../../uploads/story/2024/05/23/preview_img-vohPs9xYnETo33w1UHERBkQd.webp)
IAG launches Cylo to boost cyber resilience for small businesses
Thu, 23rd May 2024
#
cybercrime
#
upguard
#
iag
IAG debuts Cylo, a cyber underwriting agency supported by CGU, to enhance cyber resilience for small Australian businesses with revenues up to AUD $10 million.
![Story image](../../../../../uploads/story/2024/05/09/preview_img-K6QT9W7ViliOCMRdygPjk87P.webp)
Arctic Wolf introduces Cyber Resilience Assessment tool
Thu, 9th May 2024
#
cybersecurity insurance
#
cybersecurity
#
cis
Security operations firm, Arctic Wolf rolls out Cyber Resilience Assessment tool to strengthen companies' cybersecurity profiles and insurability by aligning them to industry-standard frameworks.