Cyber insurance stories

Ransomware activity rose by 2.3% in Q3 2024, with 'RansomHub' overtaking 'LockBit' as the most active group, according to ReliaQuest's latest report.

In Cyber Awareness Month, Concentric AI highlights strategies using Data Security Posture Management to enhance the security of sensitive data across systems.

A new report reveals that only 50% of Australian executives feel their businesses can handle cyber threats, compared to 84% in the UK and US.

Research by Apricorn reveals that the adoption of encryption policies among UK organisations has doubled in 2024, with 46% now mandating encryption for all data.

Australia proposes cyber security legislation mandating companies to report ransomware payments, aiming to enhance transparency amidst rising cyber threats.

A survey shows 99% of CISOs at large enterprises fear job loss after breaches, as they confront evolving cyber threats and inadequate security measures.

Australian cybersecurity professionals face rising job stress amid increased threats and low budgets, with 53% anticipating a cyberattack within a year.

Blackpanda raises USD $6.7 million to boost its cyber emergency services across Asia, enhancing its IR-1 solution and scaling operations.

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.