Tag: cyber insurance
13 articles
Ransomware Attacks Shift to Data Theft Tactics
Ransomware attacks have taken a sinister turn, with a growing number of hackers ditching decryption keys and instead using stolen data to extort their victims. In fact, a recent report found that a whopping 87% of ransomware claims now involve data theft, with encryption becoming a thing of the past.
Cyber Insurance Grapples with AI Liability Risks
As AI-driven tools take on a bigger role in patient care, hospitals and insurers are scrambling to reevaluate cyber insurance policies and figure out who's liable when things go wrong. To navigate this uncertainty, experts recommend carefully scrutinizing policy exclusions to ensure you're protected against your biggest risks.
Allianz Transfers Commercial Cyber Unit to Coalition
This game-changing partnership brings a fresh approach to commercial cyber insurance, elevating protection and benefits for customers. By joining forces, Allianz and Coalition are revolutionizing cyber coverage with a unique and robust offering.
Stryker Cyberattack Impacts Q1 Financials Amid Insurance Gap
A March cyberattack has dealt a double blow to global medtech giant Stryker, impacting its Q1 financials and highlighting a glaring vulnerability: the company lacks cyber insurance to cover the costs. Iranian hackers have publicly claimed responsibility for the incident, adding a complex layer to Stryker's already troublesome situation.
Cost of Insider Incidents: Stunningly Costly, Near $20M
Think insider incidents are minor? Think again—the cost of insider incidents can skyrocket to nearly $20 million, and this post shows where that money goes and how to stop the bleed.
Cyber-Insurance Payouts Soar 230% UK Stunning Costly Spike
Think cyber insurance is a safety net? With UK payouts up 230% in 2024, rising ransoms and recovery bills are forcing businesses and regulators to rethink who will shoulder the real cost of cyber attacks.
ransomware payments: Stunning Risky Surge to $3.6M
Ransomware payments jumped 44% to an average $3.6M in 2025 as attackers shift to fewer, higher-value strikes—forcing organizations to weigh grim pragmatism against costly downtime, data leaks, and regulatory fallout.
machine learning and generative AI: Must-Have Cyber Risks
When a single ransomware strike toppled 158‑year‑old Passwork KNP and put 700 people out of work, it exposed how machine learning and generative AI have made powerful cyberattacks cheap and easy; consider this a wake‑up call to harden defenses, test backups, and treat cyber risk as core operational priority.
Trinity of Chaos ransomware: Stunning, Risky Data Leak
A fledgling ransomware group, Trinity of Chaos, has launched a TOR-only data leak site claiming files from 39 companies — a stark reminder that double-extortion attacks still threaten organizations of every size and can pull major vendors into the spotlight.
major cyberattack: Shocking £206m Loss — Risky Fallout
After a major cyberattack forced the Co-op to isolate critical systems, the group now expects a £206m revenue hit — a sharp reminder that containing a breach can protect customers but comes with steep commercial costs.
one bad password: Stunning Lessons from a Risky Collapse
One compromised password toppled KNP Logistics after 158 years, a wake-up call that even the most storied businesses can be undone by weak cyber hygiene — adopt MFA, segmentation and tested recovery plans before it’s too late.
Farmers Insurance data breach: Stunning Critical Failure
When a vendor breach exposed personal data for more than 1.1 million Farmers customers, it proved outsourcing can make even trusted brands vulnerable — even if their own systems weren’t hit. This is a wake‑up call for stronger vendor security, smarter contracts, and practical steps customers should take now.
Critical infrastructure security: Must-Have Best Defenses
Hacktivists and sophisticated attackers are increasingly targeting the systems that keep our cities running. Learn the must-have, layered defenses governments and operators need to protect lives, services, and supply chains.