Cyber insurance stories

A new Cohesity survey reveals a stark reality: 67% of firms suffered ransomware attacks in 2024 despite 78% having confidence in their cyber resilience.

The rapidly evolving ransomware threat poses a significant risk to business continuity, crucially impacting cyber insurance strategies. Companies must bolster cybersecurity to stay ahead.

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.

Australian companies overestimate their cyber resilience amid rising attacks, with 60% having faced ransomware recently and many willing to pay ransoms.

Acronis reintroduces True Image with superior cybersecurity, tackling modern threats and offering an all-in-one backup solution for home users.

New research reveals alarming cyberattack trends in Singapore and Malaysia, with many companies resorting to paying ransoms.

Cysurance partners with Sophos to bring its successful US cyber protection program to Australia, offering enhanced ransomware protection and cyber-insurance policies.

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.

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.

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.

Some 76% of firms bolstered cyber defences to secure insurance, though many remain unclear on coverage specifics amid rising attack recovery costs.

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.

AttackIQ has partnered with Trium Cyber to provide policyholders with AttackIQ Flex, aiming to boost cybersecurity maturity and mitigate risks.

CrowdStrike's new Falcon for Insurability initiative aims to lower underwriting risks for cyber insurers and enhance organisations' cyber resilience using AI-powered defences.

A survey by Hornetsecurity shows 26% of organisations lack IT security training, urging better preparedness against rising AI-driven cyber threats.

Cybersecurity firm BforeAI launches PreCrime Guarantee, pledging up to ten times reimbursement of service contracts if their AI fails to prevent a cyberattack.

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.

Arctic Wolf’s Cybersecurity Report reveals a rise in ransomware and Business Email Compromise attacks, pushing global firms towards increased cyber insurance.

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.

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.